Kijun Bounce: Long XAUUSD (M30)
Daily Chart: Price is touching the 200 EMA and thus, it is encountering resistance now.
This is a re-entry signal on M30.
Buy conditions:
1) Bullish spinning top sitting on the Kijun.
2) All Ichimoku signs are bullish. Although some may argue that the entry could have been taken a few candles ago instead of now, my reply is that Chikou span wasn't free back then. Now, Chikou span is free in open space.
3) SL at Senkou span B.
4) I will be trailing my SL using Senkou span B.
Do not enter with large lot size since price is facing resistance by 200 EMA on daily chart.
This is a re-entry signal on M30.
Buy conditions:
1) Bullish spinning top sitting on the Kijun.
2) All Ichimoku signs are bullish. Although some may argue that the entry could have been taken a few candles ago instead of now, my reply is that Chikou span wasn't free back then. Now, Chikou span is free in open space.
3) SL at Senkou span B.
4) I will be trailing my SL using Senkou span B.
Do not enter with large lot size since price is facing resistance by 200 EMA on daily chart.
Trade closed: stop reached