On the daily gold chart I'm looking to enter long as soon as the market opens, based on price movement. First target is at the completion of an AB=CD pattern and the recent swing high, in the 1337 (haha?) area. Second target is at the 127.2% Fibonacci extension, the 161.8% Fibonacci extension and the highest high on this chart at 1375 area.
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1265 to 1275 so far. Let's see if we can break the trendline.
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1295 now!
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Expecting price to go back up from this trendline retest.
Awesome! yeah, lets see if it can break the trendline. thanks for sharing your view
11021992
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@nfaiszah, Cheers man! Hope you're enjoying this one.
OzkanTRN
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That is sooo nice, thank you bro
11021992
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@Richdandy, Cheers man! I appreciate it.
TheZabisyu
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@Richdandy, " bro " .... lol
FelipeCancela
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right into trendline + H&S pattern ?
11021992
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@FelipeCancela, I dont think the trendline will hold. We didnt create a new low before the retest (unless price drops straigh away kf course, meaning my stop would get hit).
What does it mean "trade active"? Are there more details?
11021992
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@b-rad-ium, It means that I have entered the trade as I originally suggested. Around 1267. More details on my setups can be found in my tradingroom: t.me/tng_signals