Gold will reverse soon.This is the end of the trendI am not looking for long trades at this price of 3600 because I believe buyers have targeted.
I happen to be looking for short trades and will be trading when the market opens on Monday.
Finalflag
USDCHF Final Flag Retracement for BULL Continuation!? FX:USDCHF
Time Frame: 1 Hour
Trend: Bull
Pattern:
~Price formed big bull break out @0.8921 AND 0.9005
~Price forming a bull flag on Hourly
~Price always consolidates after a big with trend move
~Buys only @ 0.9005 and 0.9020 Area of Interest
Time Frame: 15 Minute
Trend: Bear
Pattern:
~Price formed a series of lower highs and lows
~Price broke through down trend channel @0.90354
~Price broke down trend channel indicating end of down trend
~Buy if price retraces the 1.618 fib extension of bull leg breakout of down trend channel for price to rally back to 0.90354 where structure last broke
ENTRY
Buy @ 0.90166 which is at 1.618 fib extension of bull leg breakout of down trend channel
SL @ 0.90121
TP @ 0.90416
