louihrani

louihrani

pattern: bearish m alignement: 78 fib stoploss: 29pipd takeprofit: 160pips rr: 5,46%

louihrani

i saw a bullish m on the 4h, the trendline alligned with the 78,6 fib and there was a support zone on the line chart. i have a 25pip stoploss and a 137pip takeprofit risking 1% of my account to gain 5,39%

louihrani

i think it will go up because the pair is in an uptrend and i see a m pattern wich indicates a continuation of the uptrend ans it bounced up on the 0,5 fib level

louihrani

Fibo and bearish w

louihrani

i saw the price bouncing from a fib retracement and then breaking market structure to the upside after a short consolidation at the fib lvl

louihrani

check confluence text. might loosen stop loss a little

louihrani Updated 

i think it will go long because there was a retracement in the downtrend towards a key level that had the same value as the ,50% fib level i have my tp right under the key level so i can be notified and perhaps put in a order for it to go short if the conditions are right

louihrani Updated 

i think gold will go long because after a huge drop it could not break the key support level and it showed a doji candle at the retest as a third confluence i saw a cross in my 8 & 14 ema what could signal a bullish trend

louihrani Updated 

i edit for you straks waarom

louihrani

i saw lower highs and higher lows wich formed a symetrical triangle. with a trianlge you dont know if it wil break up or down so when i saw a candle break the lower side of the triangle i put in a sell stop

louihrani

i wthink that gold wil go long after it retraces on the fib 0.5 because it is located in between 2 key levels and the price was going in an uptrend

louihrani

same butt with fib

louihrani

i see a falling wedge pattern wich may indicate a trend continuation altough personally i think its still to early to make a speculation about the price going up. i put my tp at the same price movement the pair made before going in the wedge.