forextamil
Short

XAUUSD: TAKE A SHOWER ON GOLDEN DRIZZLE.-BULLISH.

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi all,

The XAUUSD hitting the lower limit of a strong parallel supports.

I'm expecting the price will jump-off from there.

In the chart from way back, the signals moved evenly in sideways.

At 1304.277, the market got broke out and turned the trend towards down.

After a change in trend, the chart printed an impulse to catalyze the conversion process.

In a 4hr time scale, the price range hanging at 1263.182.

The market formed an impulse and its correction in a constant manner.

From here the market may move in two ways.

It may form another direct and steady impulse to top.

or else it will form a small correction to gain the potential for a jump.

In that scenario, the signal forms a correction to stabilize the movement and then it will form an impulse to reach the top.

In case the signals continued to travel as a correction means, end the trade at 1252.760.



SIGNAL SPECIFICATION:

Pair: XAUUSD

Order: BUY

Entry: 1263.182

Pending Entry: 1259.311

Take profit: 1284.098

Stop loss: 1252.760

Risk Vs Reward: 2.01

----------------------------------------------------------------------
Our Unique Features:

1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
----------------------------------------------------------------------------------------

If you find it useful, hit the like and comment.
follow our updates for more profitable trades.
Trade active: The market moving in a expected way.

As i said early, the chart printed an impulse too jump-off from the support zone and pitched a correction.

So, i'm expecting a one more impulse to finish the mission.


Stick with our plan. stay profit.
Trade closed: stop reached

Related Ideas

Comments

You think this is a buying point? I see heavy oversold RSI right now. Got into some gld calls before market closed today
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out