The parity tested the area between 50.0 and 61.8 Fibonacci levels, but the range appeared to be a strong resistance. The price currently is heading down towards the triangle’s base at 1070 level. Once the price reaches the tip of the formation, we can expect a breakout. Technically, it should be an upward breakout with 1080 and 1093 levels targeted.
I am using this strategy for 4 years and no stop/loss hit.Believe or not !!
Just try with small micro lots . And raise quantity at each level.
I use 0.03 + 0.06 + 0.09 + 0.12 etc.
A small info about strategy , not written above . If price hits 50% retracement before
hitting to my levels , chart is INVALID.Do not trade this in this case.
Let me know if you want ...
See the main chart for entry and the required tp and sl. any updates will be available when needed. please take into consideration the spreads of your broker and integrate them in the entry and tp sl details appropriately. cheers
We have gone long after the completion of a small bullish gartley pattern.
1025 has also acted as a good support area before.
The trend is still bearish so make sure to have your stops on.
NICE SELL SETUP
ALL THE INDICATORS ON A SELL ZONE
BREAK THROUGH TODAY'S ZONE
THE EUR IS GAINING STRENGTH AGAINST THE USD
WHICH INDICATES A STRENGTH OF THE EUR AGAINST THE XAU
PREVIOUS CANDLE OPENED IN A GAP
STRONG SIGNAL TO SELL