TKfx369

XAUUSD short, for 320 pips + XAUUSD long, for 70 pips

OANDA:XAUUSD   Gold Spot / U.S. Dollar
3 confluences on both of these trades: BOS and retracement on the M30/M15 timeframes, we have support from the 50, 100, and 200 EMA's as well as price coming to form rejection wicks off of our 200 EMA. When price came into our golden fib zone, we had a bearish engulfing candle on the M15 for the 1st trade, for the 2nd trade we had a swing low formation where the 3rd candle engulfed the 1st and 2nd candle. All you need to look for is support from EMA's, BOS and retracement, and then a rejection candle or pattern in your golden fib zone which could signal the reversal.
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