I am still holding a long trade here from 0.68436 level. Which I published here 2 weeks ago. I am still looking forward for this pair to move up until it hit the 0.71194 resistance zone level before thinking of taking a short position. While trailing my stop loss to not loss all the profit i have made already.
If price breaks 0.71194 level i will be look forward...
If price breaks.
1516.00 level Downwards.
We will be looking for
a Median Term Sell
Trade as well as a long
term trade.
If price get rejected
at 1216.00 level we
will be looking for a
short term Buy if it get
rejected in a resistance
above or Long Term Buy
If 1557.54 level (or zone)
get Broken.
wITH oTHER eNTERIES aLONG tHE wAY.
If price breaks.
1516.00 level Downwards.
We will be looking for
a Median Term Sell
Trade as well as a long
term trade.
If price get rejected
at 1216.00 level we
will be looking for a
short term Buy if it get
rejected in a resistance
above or Long Term Buy
If 1557.54 level (or zone)
get Broken.
wITH oTHER eNTERIES aLONG tHE wAY.
Double top price action pattern on a daily resistance level. Engulfing bearish candlestick formation.
Long term sell trade with multiple take profits along the way.
If the price shoot up and breaks 1485.00 level we will be looking for a buy trade setup.
So far a sell trade is active with a STOP LOSS to protect my account. As indicated on a chart.
Please do...
IF YOU MISSED TO TAKE THE FIRST SETUP TO BUY. IF THIS HOUR CANDLE CLOSES BULLISH LIKE THIS IT WILL BE ANOTHER OPPORTUNITY TO GET IN IF YOU MISSED THE FIRST SETUP.
SUPPORT & RESISTANCE . CANDLESTICK PATTERNS. TREND LINES . FIBONACCI LEVELS.
>ANALYSIS
>TRADING PSYCHOLOGY
> RISK MANAGEMENT
XAUUSD BROKE A DAILY DOWN TREND LINE WHICH SIGNAL A BUY SIGNAL. BUT IT IS ALSO STUCK ON A DAILY RESISTANCE. WHICH IS MORE POWERFUL THAN A TREND LINE. I AM PATIENTLY WAITING FOR 1479.03 DAILY RESISTANCE LEVEL FOR A CLEAR BREAKOUT TO GIVE ME A BUY SIGNAL TO GO LONG OR A CLEAR REJECTION SIGNAL FOR SELL.
SUPPORT & RESISTANCE. CANDLESTICK PATTERNS. TREND LINES....
