faylee
Long

2nd Setup for bull

OANDA:XAUUSD   Gold / U.S. Dollar
1744 22 54
There's no supperise for FOMC, I bought after retracement done.
Entry:$1252
TG1:$1262
TG2:$1283
TG3:$1289
Comment: 1st TG approached, update below chart for following. Once break up $1262, will lead to TG2. If break down the red trendline, this trade will be stopped.
I've moved the SL to $1255.
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Comment:
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Comment: In 5m chart, there's a retracement. watch$1252-1253 support
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Comment: in 1H chart, likely the price good to buy again, if retrace to $1257-1254.
TG: $1285-1292.
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Comment:
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IF apply AB=CD theory;
AB is 1256-1273
C value 1261
so; D target (1261+1273-1256)=1278 exit
(AB-CD) is (1256-1273)=(1261-1278)
Comment: In 4H chart, MA55 still holds, if break out $1268, will continue with the uptrend
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Comment: still within the range, but upward. In short term, take care of the resistant $1280. I'll buy dips.
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Comment: TG2:1283 hit!
Comment: BOJ rate decision in 3-4hours later, Gold price is very possible to touch $1286-1287.
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Comment: Break out,buy @1277.86
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Comment: $1286-1287 Target hit before FOMC rate decision. Pocketed the profits here, and waiting for retracement to buy, next target $1293, further more $1306-1307
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Trade closed: target reached: TG3 reached!
Trade closed: target reached

Related Ideas

awesome, bull eyes accuracy. please share more
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Beautiful. Congratulations!
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Good job Faylee

well done, :-)
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yea that was nice
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This is the entry and stop levels we're using for this setup.
Buy setup with entry and stop levels
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faylee dennis09
Hi, Dennis, nice share! Thank you:)
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What is the last harmonic pattern in your comment,crab or some other pattens?
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faylee AdamHong
yes, crab
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wish u would use japan candle instead of this also i'm wondering why it says XAUUSD but shows OANDA ? i'm confused
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Have you been stopped, Fay?
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