mytrade1602

Two Triangles and movements

FX:XAUUSD   Gold / U.S. Dollar
96 1 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
thank
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