MaryJane

2 interesting Trading Boxes!

FX:XAUUSD   Gold / U.S. Dollar
1812 14 66
Since July, a Trading Box appeared: 1306$ - 1375$.
Within that Box, we can see the next shortterm Box which reaches from 1330$ to 1356$

Interesting are the edges from each Box.

Trading ideas Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the upper edge
On the other side, the Risk Lover could sell the upper edge @ 1.375$ (SL near above that Level) TP=Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge)

Trading Ideas Mangenta Box:

1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.330$. TP1 would be the upper Boxedge mangenta, and TP2= upper BoxEdge Blue. On the other side, the Risk Lover could sell the upper edge @ 1.356$ (SL near above that Level) TP1=Mangenta Box`s Bottom/ TP2 Blue Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge) TPs are the edges of the blue Box

COMMENTS ARE WELCOME -AGREE OR DISAGREE


Main View:
XAU reached important Action Point!
XAU reached important Action Point!

We can see a midterm uptrend since 30.05.2016. The upmove temporarily stopped with a Double Top @ 1.375$ - a consolidation started.
Today we are trading near the supportlevel @ 1.310$. Here is based the midterm uptrend-line, the min . correction Level - the fibo 38,2 retracement, the neckline of the possible H&S and the EMA 200 in this timeframe. All together are apivot support-Cluster.
1. Trading below that Level will break the midterm-uptrend - a shortsignal appears. The TPs of the H&S