This is continuation of last post on XAUUSD. As expected Gold has risen up towards 1300 levels. We have mentioned earlier that 1150's will be buffer zone, as Gold went down till 1120's before getting bullish.
Thats a very good move we have caught on medium term from 1150's to 1300's , so its advisable to book part of your profits and there can be a pullback again...
We can expect bounce up from fib 0.5 level up to 0.382 where also bollinger middle band will be touch. This gives us a great place to put in short position with target around support line at 1.2260
Have a nice weekend.
Our friend € feels kinda tired. I feel for shorting when price comes up to 0.5 and hit bollinger middle band. Set stop-loss above last highs. Set primary target to 1.40440, secondary all the way back down at 1.39600
Good luck guys and girls.
Hey all,
Heres a Bat pattern that I forgot to publish but was a trade taken. It's a small Bearish bat pattern on USDJPY. We managed to roll over very pain free to target 1 however then moved back up to break even stopping us out.
For those who don't know, I like to trade 2 positions per trade with 2 targets. Once target 1 is hit, I then move the stop loss on...
This was the former post. Read it and learn how this did unfold.
And now I will wait for a retetst of the centerline.
In my brain there is the Weekly chart...it's L-MLH is breached! This means, that price will test/retest it on the weekly bevor falling off the cliff if it really does. If this is the case, then the gas station has to pay us...
Here's the...
As you guys can see monthly S/R has been broken and also retested there is a good move I am expecting this week for the upside. Enjoy.
#TRADEATYOUROWNRISK
#HAPPYTRADING
After holding at the centerline, price did what it has to, go up to the U-MLH:
Where to go from here?
Dunno...could be that price shoots up further to the WL1, or go south again to the centerline as a logical target for the shorties.
Until price will scream at me, I'l sit on my hands and watch the birds...
P!
