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Lanmar
Apr 13, 2017 3:43 PM

Gold vs Swissie: Plenty of Clarity - Going Higher Long

XAUUSD/CHFUSDFXCM

Description

If we could retrace into 1260 it would be ideal. We're about to touch near term resistance at 1290, so expect some profit taking. This is what I'd consider "an obvious trade." Obvious trades tend to run away from ideal entries.

Comment

From an "obvious long" to an obvious short. Some things just are never so obvious, are they?
Comments
Genghis
big fan... like it
Lanmar
@Genghis, Yeah, quite a nice look to it.
Genghis
@Lanmar, great set up... sadly I'm pretty sure being greedy and waiting for sub 1250 going to mean I'll miss out
Lanmar
@Genghis, Is it greedy to wait for the retracement or jump the gun? ;)

Think you have the right idea. I'm also waiting for a pullback but ready to press at 1260s
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