We are buying this bullflag, untill the longterm resistance is hit. From there we will do some heavy shorts.
As you can see in the chart below gold is on a mission and we think that this resistance must been tested once again for any further drops occur.
In the forecast we have given our buy isn't triggered yet, but we trade upon the price action we see and this hammer shows we have some evidence to long a bit earlier.
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
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The signal on the lower timeframes looks like a retracement is not rules out.
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We put our SL at break-even. This could be a fake-out. In case of a flag we will remain in the trade this way.
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Scaling out, another shot here!
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My followers are in good profit! Congrats!
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We need to retrace a bit and there is another buy trigger:
交易手动结束
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Closing all buys here, the top might be in earlier than expected.