Falling wedge on XAUEUR high probability spike up.
TP 23.6 retracement.
Comment:
1m chart:
5m chart:
Comment:
NOTE TO SELF: I'm experiencing the need to redraw falling wedges, now as well on EU as we speak.
Buyers gained more contracts at green supportbox below my earlier (badly placed) stoploss. Eventually we did hit the 23.6% target we drew earlier. Would've been a great trade and wouldn't have been stopped out but as Falling wedge reached apex, buyers redrew supportlevel bit lower to gain strength as seen below.
Buyers gained more contracts at green supportbox below my earlier (badly placed) stoploss. Eventually we did hit the 23.6% target we drew earlier. Would've been a great trade and wouldn't have been stopped out but as Falling wedge reached apex, buyers redrew supportlevel bit lower to gain strength as seen below.
