Triangle breakout and retesting the support- Eliot wave analysis
GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99% Long)
As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely continue to the 1710 zone and then 1721 till 1736 and so on.
** GOLD has proved now that it have more liquidity to go up for 1736 and reach the monthly globale UPRANGE!
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely continue to the 1710 zone and then 1721 till 1736 and so on.
** GOLD has proved now that it have more liquidity to go up for 1736 and reach the monthly globale UPRANGE!
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
Comment:
Comment:
Congrats on ur last profits for the first target !
Here is another entry.
Here is another entry.
Comment:
Congrats the Target is already Reached (y) It is always recommanded to close the trade after my first target and wait for that level to be reached and crossed well of it to re-open another tradeà Enjoy the profits!! 1600 pips alrdy.
Stick for my update for the next entry (there is always a pending entry after breaking the 1710 resistance!)
Stick for my update for the next entry (there is always a pending entry after breaking the 1710 resistance!)
