carza96
The Gold shows reversal signals. The 1327$ level could be, once again, a powerful barrier (in the short term).
The strength/pressure of the buyers is too high actually, so I expect a pullback on the trend line. At that point, I'll set a buy order as presented on the chart.
I'll try to enter in position by setting a sell order some pips above the actual price level. TP is positioned in a strong supportive area, which can be identified by the SMMA (50+200).
The level 76.3 is also significative. This pattern could offer a good opportunity. R/R adjusted > 1.8. Updates will follow the post
New updates will follow the post. I will set orders checking the sentiment trading.
updates with entry level will follow the post
Shorting the cross after the breakout of the dynamic support. R/R still to determine. The R/R on the chart is just a forecast.
The rectangle represents the area where I will short the USD.
The third element as support of the idea: "sentiment trading". R/R 1.8
R/R adjusted on different levels of TP At TP1 I will move the stop at breakeven. At TP2 I will move the stop even more in profit. Updates will follow the post. + sentiment trading application.
The cross, looking at the daily timeframe, has not created NSL nor NSH for a couple of weeks.