SHORT TERM TO 1.62417 USE PROPER Risk management! Disclaimer: For educational purposes only, past profits do not guarantee future results. Only trade what your account is capable of handling. Stop loss is optional, advised, but not necessary. After TP1 is hit either close all positions or place stop loss at breakeven
we have a trendline breakout in the 1 hour timeframe. I'm expecting a retest at 1.03619. so a buy limit will be important in the area and 25 pips stoploss
Bullish Pennants, Signals that bulls are about to go a-chargin' again This means that the sharp climb in price would resume after that brief of consolidation, when bulls gather enough energy to take the price higher again. To trade this, place your long (buy) order above the pennant and stop loss below the bottom of the pennant to avoid fakeouts
Gold is very indecisive right now. If the price remain inside or breakout above the 1237.65 to 1247.80 zone. we will go long for about 700 pips. If the price action for gold breakdown below 1237.65 a short position recommend short the pair for about 1600 pips.