XAUUSD, double trading opportunity...

Formation of a symmetric triangle after a long rally resulting from a falling wedge breakout to the upside ( see 4H or daily charts ). Long-term Guppy GMMA well spread an pointing upwards both on the 15min and 1H charts. Two possible situations then:

• Scenario 1:
  
  Long @ 1139.09 - 1139.80, if 15 min candle closes above this levels after breakout of the symmetrical triangle to the upside,
  Stoplos @ 1137.40
  Target 1 @ 1141.87, 38.2% base of the triangle
  Target 2 @ 1142.73, 50% base of the triangle
  Target 3 @ 1144.65, 76.4% base of the triangle
  Target 4 @ 1146.36, 100% base of the triangle, coinciding also to the 38.2% distance of the downwards breakout of the falling wedge
  
  
• Scenario 2:
  
  Short @ 1137-117.68, if 15 min candle closes below this levels after breakout of the symmetrical triangle to the downside,
  Stoplos @ 1139.40
  Target 1 @ 1134.93, 38.2% base of the triangle
  Target 2 @ 134.08, 50% base of the triangle
  Target 3 @ 1132.18, 76.4% base of the triangle
  Target 4 @ 1130.39, 100% base of the triangle, coinciding also to the 61.8% distance of the upwards breakout of the falling wedge and a the downtrend line since January 2015
  
  

All trades are managed with count back line stoploss after triggered.


Happy trading and good luck!