Gold finished correction 5 point swing, and responded a strong pinbar in Weekly. Take the opportunity of Dollar correction and Gold rebounce for opportunity of Wave 1, 3 & depends 5 is clearly identifiable.
This trade is in face trade#2 of the above — capture the sub-wave4 to 5 opportunity, with Wave4 ABCDE correction about to finish.
Entrance — Now, half lot 1.1735; another half OCO LT Buy @ 1.1715
SL — 1.1675
PT — 1.1828
R/R approx 2.5
It's been a long while I don't have much interest to publish. Today, wanna share a Diamond Top.... pretty much in the chart.
If the level is key, and Diamond pattern formed at top or bottom, it's a reversal pattern.
See how it goes.
This is a counter trend trading.
Day Chart : key level 94.00~94.20 touched with candle printed with bear pinbar;
RSI : 3 point RSI divergence in front of this pinar
short dollar by long it's counter pair such as AUDUSD
dollar reference level as triggers, but execution is in Aussie (or 70% Aussie, 30% Nu)
this is a 60chart ...