Chart: 4 Hour Time Frame
Market: Bullish
Bullish Indicators:
1. Low test candle stick pattern low rejects 1268.40 support level
2. Low test candle low below 50 EMA, open/close above 50 EMA
3. Price is in pullback mode, forming swing low and likely to break to the upside.
Risk Management:
Order Type: Pending Buy Order
Risk / Reward: 1 : 2.17+
Stop Zone: 1268.40
Target Area: Until evidence of reversal
Notes: Pending long order is set. If the order is triggered, trade will be active and likely to see
new high for XAU/USD between 1300 - 1330.
Market: Bullish
Bullish Indicators:
1. Low test candle stick pattern low rejects 1268.40 support level
2. Low test candle low below 50 EMA, open/close above 50 EMA
3. Price is in pullback mode, forming swing low and likely to break to the upside.
Risk Management:
Order Type: Pending Buy Order
Risk / Reward: 1 : 2.17+
Stop Zone: 1268.40
Target Area: Until evidence of reversal
Notes: Pending long order is set. If the order is triggered, trade will be active and likely to see
new high for XAU/USD between 1300 - 1330.
Comment:
Pending Long Order Triggered
Comment:
Stop hit (9th May)