Sellers tried to break the Monday low and succeded.
We broke the 200 SMA on the daily chart.
I don't want risk to get left behind : many times smartmoney enters at the break of the 200 SMA.
We need to see how we close today: a close above the 200 SMA is a good sign the bottom is in.
Also watching the hourly chart:
If we close above 1845$ it's a good sign that the DCL was printed.
Have some dry powder if we drop to the bottom of the box:
We broke the 200 SMA on the daily chart.
I don't want risk to get left behind : many times smartmoney enters at the break of the 200 SMA.
We need to see how we close today: a close above the 200 SMA is a good sign the bottom is in.
Also watching the hourly chart:
If we close above 1845$ it's a good sign that the DCL was printed.
Have some dry powder if we drop to the bottom of the box:
Trade active:
Opened 50% position at 1835$.
Comment:
Other 50% bought at 1808$.
Comment:
It’s close enough to the bottom of the box and the 100 SMA.
Comment:
We are having the backtest:
Comment:
Beartrap with a nice divergence.
Ready to go!
Comment:
I noticed a few times already that bullion banks usually have the NFP numbers a bit earlier than the public.
Eurusd following gold with the same pattern just a day later...
Eurusd following gold with the same pattern just a day later...
Comment:
Just as I mentioned yesterday the bullion banks knew exactly that the dollar is going to turn soon so they covered their shorts 2 days ago. No wonder the eurusd turned up today...
Comment:
Finally we have a pattern in the Eurusd too. It’s a symmetric triangle , today we tagged the lower line of the triangle and it’s heading higher. Symmetric triangles are usually continuation patterns.
1.22 is coming soon.
