Buy XAUUSD (Daily & 4H) Long

Gold/U.S. DollarFXCM

Description

⋅ Apr 23, 2019 4:59 PM

in Daily chart:
Support level at 1258-1266
61.8% fibo retracement

> Buy
Entry : 1272.5 (Now) or 50% retracement of engulfing candle at 1270.0
-Stop : 1263.5 (65 pips)
-TP1- : 1285.0 (150 pips)
-TP2- : 1307.0 (370 pips)
-TP3- : 1324.0 (540 pips)

in weekly chart:
Uptrend line
Support level

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in 4H chart:
bottom of the bearish parallel channel
Divergence in RSI indicator
1.414 & 1.618% fibo extension of 1281 to 1310 (last bullish wave)
Bullish engulfing candle

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Comment

⋅ Apr 26, 2019 4:19 PM

First target reached.
Profit = +150 pips

Trade closed: target reached

⋅ Jun 1, 2019 12:57 PM

Second target reached.
Profit = +370 pips