BULL FLAG WITHIN BULL FLAG TRADE GOLD Long

FX:XAUUSD60

Gold/U.S. DollarFXCM

Description

⋅ Sep 26, 2016 8:10 AM

Spotted a possible bullish flag on 1hr. Trade setup is given. Target has confluence with red resistance zone.

Comment

⋅ Sep 26, 2016 1:53 PM

run forrest run!

Comment

⋅ Sep 27, 2016 12:36 PM

We are back at entry level. See the price action here

Comments

HAL9000

⋅ Sep 26, 2016 8:18 AM

Currently within a 1305-1345 high flag formation on the daily chart, with a medium/long term long bias. I would await a break above 1350 to go long.

mlwinter

⋅ Sep 26, 2016 11:06 AM

Yes, I have posted about the flag on weekly / daily before hence the title. hehe

I agree with you on that as that would make a breakout entry with quite wide stoploss at 1300.

HAL9000

⋅ Sep 26, 2016 11:41 AM

Nice. Good luck !