TraderE9

XAU entry priming.

Long
TraderE9 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Looking good here, for higher timeframe Fibb = trendline bounce, lower timeframe accumulation and divergence.
Comment:
Ok at the brink now...Minimal risk, already dipped into collect orders
Comment:
Pushing past the brink atm, selling the short idea. So 6hr past the blue level, plus trendline, if pulls back will leave tweezer wicks. The 4hr will leave 3 pin pattern on 61.8 trendline and the previous peak. Additionally down on the 15m we have immense accumulation down towards the trendline with alot of divergence.
Comment:
We had a move, and it has left the wicks as desired, Idea still working. snuck in a position at 1952.
Comment:
Forgot to mention the quick touch on 1950 Psycological level
Trade closed manually:
Everything broke down, Failling wedge on the 15m was first sign.
Comment:
Re-evaluating the trade exit, 15m wedge broken plus RSI structure.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.