Going long on H8 Bulish Engulfing, daily could also close as a bullish engulfing.
I am thinking this could be a bull flag and the uptrend will continue.
There is a bearish engulfing at the swing high, so I expect this to come down to my marked level, then upon bullish PA, I shall set an entry if I see a setup.
On the H4 chart, there is a nice looking bullish engulfing and also pin bar setup. I don't think this will go much lower, as if it does, the daily IB low will be broken. It will continue upward to my TP levels... I hope.
You would be looking to take a long position at the neckline of this double bottom, or wait for a breakout of the daily IB.
Looking for PA to go long at the 92 handle as a double bottom has formed.
I am taking a long position on confirmation of the weekly pin bar.
We just need to wait for confirmation on this double bottom now.
Ok, I have looked over things in a bit more detail. There is a nice pin bar on the 21 EMA on the weekly chart, giving me a buy signal, so I will sell this H4 pin bar TP around 101.600, then from there I will be looking for PA to go long to enter the weekly pin bar
This could be 100% wrong, as on the weekly, there is a big pin bar saying buy, so maybe what will happen here is a retrace back to 101.600, then look for long PA from there.
Going long from a pin bar in an inverse head and shoulders pattern.
I have been selling gold since it showed rejection of the 89 EMA on the daily chart by putting up a bearish engulfing, this trade will prob run a few weeks, the SL is above 1280, but this could be another chance to join the selling, with what could be a massive TP, just make sure to move to BE once TP 1 is hit.
I have been selling gold since it showed rejection of the 89 EMA on the daily chart by putting up a bearish engulfing, this trade will prob run a few weeks, the SL is above 1280, but this could be another chance to join the selling, with what could be a massive TP, just make sure to move to BE once TP 1 is hit.