Call it Mr.Market or whatever but just look at this 1H chart! Ideal touchpoints in yellow. Like someone draws the shape and then get the gold to shape into it.
Above 1143 start to think upside Below 1122 keep watching this correction further.
This is just to catch the moment of market beauty ))
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The upside was broke, watch 1143 for clue.
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1143 was broken. Risk/Reward favors upside. Limit risk below 1122.
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No more updates here as it's 1h chart Follow for larger perspective
Triangle. My favorite pattern. Looks like it entred in triangle in downtrend, after exit will drop futher. What do you think?
aibek
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@babaika, Hi, this is different type I guess. The break up happened just now. Let's see the price action at the decision points. Cheers
5898928
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@aibek, intresting point now, can be E wave of triangle and now down, or can be bullish brakeout - lets see
aibek
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@5898928, yes, you are right, bearish invalidation now is above 1137.10, bullish invalidation is below 1125. Quite narrow range and should be easy to be broken.
5898928
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@aibek, bearish invalidation now is above 1137.10 - here we go?
aibek
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@5898928, below 1122 as I wrote in the comment to the chart
aibek
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@5898928, Sorry ignore previous reply. I thought you are asking about risk limit.
Yes, here we go )))
5898928
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and again touching upper TL, down again? Or brake above now?
aibek
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@5898928, Hi, yes, again magic TL! Let's see, MACD shows divergence and asks for upside. Wait the price action.