As you can see in the set up there is a symmetrical triangle which gold is respecting in the weekly and daily time frame.
The trendlines have been drawn in blue and the support and resistance is marked in red I believe gold will be bullish towards the 1840 area this area is where the trendline and resistance meets this is also a strong zone 0.786 fib zone
Entry...
As you can see in the set up there is a symmetrical triangle which gold is respecting in the weekly and daily time frame.
The trendlines have been drawn in blue and the support and resistance is marked in red I believe gold will be bullish towards the 1840 area this area is where the trendline and resistance meets this is also a strong zone 0.786 fib zone
Entry...
This is a profitable trade as rejection is already starting to show but we will wait for a confirmed double top as circled in the yellow filled circles on the daily and 4 hour chart we can see a clear triangle wedge pattern that the prices are currently respecting with this being the 3rd touch and now the double top at the trendline and resistance means there is a...
keep it simple. This is my idea of a usdcad short this trade has touched the trendline the third time and respectfully resisted there is a intraday target of 1.27200 and a swing setup tp of 1.25500.
upcoming trader and tips or feedback is appreciated from anyone thankyou
