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harryexe
Dec 16, 2016 3:40 AM

Long on a clean break of neckline (divergence) Long

Gold/U.S. DollarFXCM

Description

There's a divergence on the RSI and on a clean break above the neckline (a candle opening and closing above neckline), wait for price to retest the neckline and enter a long, aiming at 2.618%

Trade active

Trade closed: stop reached

Screwed up this trade. I got the strategy wrong. it was to enter on the 61.8% retracement after the break of the neckline and tp at 161.8%

Comment

In hindsight, I did manage to identify the bottom here haha
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