XAUUSD broke out of the Falling Wedge and completed a successful retest, which would make this a great long opportunity given all the conditions right now.
* 30 mins just completed with an engulfing candle which bounced off of a demand zone.
* Broke out of a falling wedge and retested.
* RSI bullish divergence.
* Price yet to retest the lower line of channel, it recently broke out of.
Long :
Entry: 1964.6
SL:1956.54
Target(s):
* 1972.28 - I would put a tight SL once this target is hit as this is a range where price has bounced off of multiple times. Also, 50% fib level
* 1976.7 - falling wedge take profit target and channel retest.
Happy trading !
* 30 mins just completed with an engulfing candle which bounced off of a demand zone.
* Broke out of a falling wedge and retested.
* RSI bullish divergence.
* Price yet to retest the lower line of channel, it recently broke out of.
Long :
Entry: 1964.6
SL:1956.54
Target(s):
* 1972.28 - I would put a tight SL once this target is hit as this is a range where price has bounced off of multiple times. Also, 50% fib level
* 1976.7 - falling wedge take profit target and channel retest.
Happy trading !
Trade closed: stop reached