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tntsunrise
Jun 21, 2019 7:45 AM

Gold Completed AB=CD and hit FIB 1.272 EXT Short

Gold/U.S. DollarFXCM

Description

Gold Completed AB=CD and hit FIB 1.272 EXT

Long pin bar Formed therefore we can sell gold
SL Above the Pin

Aim for 0.382 /0.618 Retracement
1315 and 1256

Comment


1390-1392 is good

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For my students who trade this Inside Bar, already made 3:1 RR ratio

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Trade closed: target reached


The pull back BUy wins 230 pips
can close all

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EASY 80 PIPS

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Trade closed: target reached


Yesterday's Short made 240 pips and closed
Comments
Lionheart-EWA
Please excuse me but I believe that you are in a hurry, again!

I believe that XAUUSD is not done with the bullish sequence.

In my opinion, it's an overshoot for the ending of a complex corrective cycle.

I do agree with the bearish leg, the BIG one, and I know it's coming, but not just yet TNT!

This comment is coming from a guy who knows the XAU history and managed to call some impressive swings, while other were caught with their pants down.

1. Catching the Bullish Impulse:


2. Confirming the Bullish Trend:


3. Getting ready for the tops:


4. Calling the unexpected Rally!

&


5. NOW calling the last BIG rise and the overshoot!


SELL-OFF FOR XAUUSD STILL PENDING!

Thank you for sharing!
btM_Afta
@Lionheart-EWA, Amazing as usual ... waiting for @tntsunrise to reply at this.
mkandy
Jack you are a Mater Of Pullback Trades! Thanks for your analysis. BTW, Is there any long term trade for gold? buy or sell
tntsunrise
@mkandy, Well Longterm trade is not so efficient, coz your SL will be to wide
shahab_kd
Are you denying cutting interest rate ?
If you accept it , short position must be wrong position !
Wish you the Best !
tntsunrise
trade what I see. very simple.
shahab_kd
@tntsunrise, Good Luck
tntsunrise
Thankyou
tntsunrise
shahab_kd
@tntsunrise, I know , I made a mistake , but still interest rate cut is valid , because Powell said , we will act properly at any times , and still i'm looking this as correction for an uptrend , and Donald Trump's pressure for cutting rate is still exists .
But now , you are right !
and i do appreciate that and sharing this with us !
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