mytrade1602

Two Triangles and movements

mytrade1602 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
5
Let's see how the two triangles breakout.
Comment:
This might be a false breakout for up movement. Let's wait for 1 more hour to see if it goes below 1224 or not. U.S. Session usually sells the gold, so I would expect a down breakout and then up.
Comment:
Short to 1220 and long to 1232.
Comment:
Stick to the up breakout route. Short from 1233/1234 to 1220
Comment:
Short now from 1330/1331, it might not make a new high for a while
Comment:
Short to 1224/1225 then there might be another up to 1329/1330, short from there again. Or Keep your shorts to 1220.
Trade closed: target reached
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