XAUUSD Triangle Pattern.. Again. Look to profit with Bulls.
See past XAUUSD idea. We are now in a larger triangle but first triangle breakout predicted fairly accurate.
We saw a breakout of the first triangle at the pink X then price retraced to retest backside of triangle and support line. Price bounced off of support at 1913 and now at 1930.
Look to take profit at top of outer triangle then reenter once we have a break, targeting 2000 levels.
Stop loss under support.
Good luck trading!
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple.
We saw a breakout of the first triangle at the pink X then price retraced to retest backside of triangle and support line. Price bounced off of support at 1913 and now at 1930.
Look to take profit at top of outer triangle then reenter once we have a break, targeting 2000 levels.
Stop loss under support.
Good luck trading!
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple.
Comment:
Price at triangle down trend line. Look to take profits and reenter depending on how price reacts to this area.
