If a chart suggests that a change of direction may occur soon, it helps to be ready early. The apex of triangle drawn on CCI is above zero on 240 min chart, which favors Up.
There is an actual Long signal on CCI H2 chart from a break of CCI up through a green downtrendline, and is above -100 on CCI.
L 14.709
SL 14.33 or sar, Short when CCI crosses down through red up-trendline
There is an actual Long signal on CCI H2 chart from a break of CCI up through a green downtrendline, and is above -100 on CCI.
L 14.709
SL 14.33 or sar, Short when CCI crosses down through red up-trendline
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moving SL up 14.67
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XAUUSD now has retraced up 38.2% of previous downmove. This is a good place to take profit, as is a sar when CCI crosses down thru an Up-trendline
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Sorry.. meant XAGUSD above. Our dog says there is a bear outside in the dark. Also meant to take SOME profit, because of the fib number. But there is not yet a down signal
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The e xit/reversal signal came 2 hr ago with CCI crossing down thru UP-trendline 14.811. I'm short from 14.795. exit is CCI cross up thru Down-trendline , which may be both profit target and stop, or use your own SL