aceofswords
Short

POTENTIAL SPOT FOR EXIT BEFORE RETRACE

FX:XAUUSD   Gold/U.S. Dollar
107 5 0
POTENTIAL SPOT FOR EXIT BEFORE RETRACE : AT Intersection of price with 60Ma fib line and flag T/L
Deus
2 years ago
what do you mean? this does not look like a bear flag.
Reply
aceofswords
2 years ago
Good enough for me bro ;0)
I just exited some serious gold positions in profit and look forward to a retrace as stated ;0)
Reply
aceofswords
2 years ago
Looking at PA now, and the PA all day Wednesday, I am more than likely going SHORT at fib or slightly below ;0)
Reply
Deus
2 years ago
the big pinbar does not look like a reversal to you ?
Reply
aceofswords Deus
2 years ago
Yes indeedy it does and did when it appeared, so much so, that this is where I topped up my existing shorts and added!
However throughout yesterday and in fact from late on Tuesday afternoon, I mentioned several times that I wasn't comfortable with how the price action was shaping up. BTW, If you take a look at the chart above on an H4 TF and daily, the bear flag becomes more defined and obvious ;0)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out