XAUUSD has made a bearish evening star signal on daily chart with last 3 days candlesticks. This happened by retesting the upper band of the channel and upper band of Bollingerband. Could be a signal as the end of daily swing with 5 waves inside. 1ST Support as target is 1800. 2nd support as target is 1750 If you trade on 4h chart or 1h chart, I don’t think that is going to happen in one day. So found yourself other supports as targets on your trading timeframe.
Good luck on this selling plan on daily chart. LESS IS MORE!
i like you analysis keep posting more informative post like this..
Wakusheba
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We are currently on the 50 MA (4HR), if we break this then will be looking to sell but if we hold at current levels I am also looking for buys as well
TruKING852
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bull flag forming imho
great job Vera.
i'm a buyer around 1800
FUNTRADER-Vera
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@howard1127, no selling?
TruKING852
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@FUNTRADER-Vera, the big trend is still bullish, i will be a seller in early June. Should see a big sell off next month
but May is safe for bulls imho.
FUNTRADER-Vera
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@howard1127, You are a good trader with patience.
TruKING852
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@FUNTRADER-Vera, lols, 15 years into trading, i hope i had learned a few things :)
FUNTRADER-Vera
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@howard1127, good job!
ebProfessor
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@howard1127, can you please elaborate why May is safe and June may see sell off? Thank you.