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mytrade1602
Dec 14, 2016 1:53 AM

2016-12-14 FOMC bearish bat 

Gold/U.S. DollarFXCM

Description

2016-12-14 FOMC bearish bat

Comment

A bearish cypher is forming, gold can gold back down to 1157~1160. For fomc, I will buy from the low as 1150 and short from 1175. If the rate hike is more than 0.5, be cautious.

Comment

Sorry, bullish cypher. Before fomc, buy from the low 115x.

Trade closed manually

Structure invalidated, it becomes a bearish cypher, can go up to 1172. Short there.
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