This idea is simple. It seems that the 2016 high will be the line in the sand.
As I posted a few hours ago in this idea I entered a long position at 1389-1391:
Target : 1440$.
As I posted a few hours ago in this idea I entered a long position at 1389-1391:
Target : 1440$.
Comment:
I still have a range, but after the morning drop I see a triangle forming:
Comment:
We were unable to tag 1383 two times in a row.
So this more and more looks like a triangle.
So this more and more looks like a triangle.
Comment:
Following the triangle pattern. This bounce was nasty.
Almost everybody is short.
Almost everybody is short.
Comment:
Powell's testimony is an hour from now.
The bounce was caused by currency movements
The bounce was caused by currency movements
Comment:
XAUEUR is bouncing too. +0,5%
Comment:
It's just a guess but I think the testimony speech went out , so a few insiders already have read it and they started to buy.
If it is the case he will talk about the rate hikes at 16:00 Budapest time.
If it is the case he will talk about the rate hikes at 16:00 Budapest time.
Comment:
*** Rate cut
Comment:
Very strong...
The dip was bought in the same hour.
The dip was bought in the same hour.
Comment:
FED minutes 2 hrs and 15 minutes from now.
Comment:
Many' Fed officials said in June they'd be willing to cut interest rates if uncertainty still weighs on outlook, minutes show
Only a few FED officials argued against the rate cut in June - Minutes show.
Asia will buy this.
Path is clear.
Only a few FED officials argued against the rate cut in June - Minutes show.
Asia will buy this.
Path is clear.
Comment:
Comment:
Getting close:
Trade closed manually:
Close enough.
Waiting for the next setup. Breakout from the triangle, or the lower trendline again.
Waiting for the next setup. Breakout from the triangle, or the lower trendline again.
Comment:
We might get back into the long position soon, as it looks like a flag now.
Comment:
Let's see what happens at 1419$.
Comment:
Beautiful
