Trade Plan for March 29/30 2016

Gold/U.S. DollarFXCM

Description

⋅ Mar 29, 2016 10:18 PM

This analysis is based on the Clones drawn on 4 hour chart. So far the upper trend line is acting as resistance.

Clone Levels:

Buy: If price breaks and re test upper trendline in blue then my buy entry will be above 1245 for targets 1249-1254-1263 1270

Sell : If candle closes below 1238 then next level 1231-1221-1216-1205

Note: Pls do your due diligence before placing the trade.

XAUUSD

Comments

RalfDiana

⋅ Mar 30, 2016 2:54 PM

Sorry asking again, which Pivot High/Low do You mean? The hourly one as for this chart or daily one? And the H/L from were from which resistance to which support 1,2,or 3? Thanks for Your Patience

GcNaif

⋅ Mar 30, 2016 5:52 PM

the small boxes were drawn on hourly , the first box in skyblue 1205-1223 was low n high, that was the reference range for hourly @RalfDiana

RalfDiana

⋅ Mar 30, 2016 2:33 PM

Mistake!!! Clone I mean...

RalfDiana

⋅ Mar 30, 2016 2:32 PM

May I ask how You plot the first level cone is it from the previous high and low or which other way? It is clear the second and third one I mean just copy them up or down the first clone or did I get everything wrong? Thanks

GcNaif

⋅ Mar 30, 2016 2:34 PM

small first one is pivot high low and then rest are the Clones of first one @ralf

SunilJi

⋅ Mar 30, 2016 2:04 PM

nice chart... but i think...1230 is 61.8% retracement level.. might be turning point

Qasimshahzadgt

⋅ Mar 30, 2016 1:55 PM

good chart dear now will come down right

grandroid828

⋅ Mar 30, 2016 3:01 AM

love these chart. shortt just placed now. had a close at 1237.06

GcNaif

⋅ Mar 30, 2016 3:51 AM

thanks