it will be advisable to sell gold at this point of area with the green rectangle. this areas shows where there is likely going to be reversal in the market after a good up town trend from a reversal point on the cypher below. those who got the cypher, kudos and best kudos to those who protected and trade and let it to keep riding.
good risk to reward ...
this is s trade made to correct the 12pips i lost i last trade
dont enter it may be too late
but im sure of this trade atleast half of the way i projects here which i will shorten my stop loss or trail the profits for some
if you still wana enter:
but try to avoid being so late
this trade is to make up for my lost 11pips in the last trade
you could follow suit in a pull back to ride down a bit
if not please just watch dont enter to avoid being so late
bigger time frame money opportunity awaiting
long i have been here
i will be checking for a double top with a likely RSI divergence and also a likely pennant or something to give me a better clue to sell or keep strict orders set,
dial back position size being a bigger time frame.
short term is what i project here, cause of using a small time frame.
however, it is a careful analysis made on AUDJPY with a buy sentiment and a short term in the market
we have 3 patterns lining up well...2 bats and 1 butterful; all with buy sentiment
good risk to reward ratio
here is a set up for a deep cypher with a bearish sentiment
hoping the NFP will play a role in this
however, just watching with orders set and kept to enter and make profits. nevertheless it is open for change depending on what the market has to offer