I am learning and trying to understand how Fib retracements work. This prediction is based off of .786 Fib retracement with a short bias at that level.
Side note: Potential for 2 trades out of this idea...one on the way up, one on the way down. We'll see how it plays out. Please feel free to leave comments and...
hi.. in this picture i already said something i would like to said...
although the movement is going to downside, the result may be vary in every factor. such as some country adopt bitcoin in next week, something like that.. lol
take this as a grain of salt.
+ major support 1. =3k -3.2k
+ major support 2. = 1.8k - 2.1k
+ major support 3. = 1k -1.2k
+ last major...
Gold is on a trend since beginning of March, but how long it will it last? Are we reaching a consolidation?
Currently sits just right above the 1321ish resistance, gearing to take on the 1333 and then the 1345.
I've put in a breakout play, just right above 1323 with 1.5R from the last swing long at 1HR timeframe.
manage your risks well. Happy trading everyone!
Good evening guys, here I am with another trade.
Here I have my "idea" for the future... Those red lines are some help I use to define SL once the price reaches TP1, TP2 and so on. Will update this trade once it reaches one of the targets!