This looks like a great setup, this is my kind of trade. Do your own research as we all trade differently, different stops, different lot size and time constraints. I go for fast gains most of the time and I am already in this trade and ready to put a stop at break even any second.
Will update details shortly waiting on the breakout.
Technicals point to a top forming but I am in this trade hoping for a breakout but knowing that it probably wont happen.
Gold is looking like it wants to take off again. Broken above 200 ma on the 4 hr.
I have opened a buy at the ma 21 on the 1 hr. The 4 hr is looking like it could make a move higher and the daily is showing a large bottom on the williams vix. I am a little late posting this idea it is moving fast but if you are going to take this trade I recommend placing your stop just below the sma 21.
I will take this sell trade only when price comes up or across to and again breaks below sma 21, being the thick white line. Of course we would want to see the bearish future kumo at that point also and I would take the shape of that kumo into account as well. When sma 21 goes through and below sma 55, this is further confirmation of a change in trend. CS is...
An update to an earlier idea price is now below cloud but hasnt yet broken below cloud. Lot of resistance to the upside should it break below.
Good opportunity to get in on the bullmarket now if you are not already.
Be ready to short on any pin bar reversal at top of cloud although there looks to be a short term sell entry currently forming with the current candle (bearish engulfing).
All looking good for a buy here price bouncing off ks.
I am already in this trade but you could wait for cs to break though ks to take the trade, we do not currently have any sign of a bullish kumo so be ready to exit the trade on bearish candle formations..
If the current candle becomes anything resembling an engulfing candle I would recommend a sell and I will look to take profits around 42. Failed to reach previous high.
Price struggled to reach previous high, cs tested but didnt go above previous high therefore i would be looking for a sell position as soon as price breaks below the TS..
Sell if the current candle becomes a reverse pin bar. Kumo breakout is looking unlikely since the future kumo is still red and CS is finding resistance at the kijun, I am looking for the cs to follow kijun down.
Should be some decent upside when cs breaks through the top of the cloud look for around 1.44400 to take profits.