Gold (XAUUSD) in 1 hour chart, I saw
1) Bullish Crab
2) Ex-support and resistance level
USD seem to be weakening due to the election currently held in US as country risk (uncertainty) is higher. Therefore, entering short in Gold pair are quite risky as short in Gold = believing USD will be appreciate. So this trade will only be executed when there is more confirmation on trend reversal. If the price move beyond 1276.6 (AB leg 0.886 Fibo retracement), this pattern will no longer be valid anymore.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
1) Bullish Crab
2) Ex-support and resistance level
USD seem to be weakening due to the election currently held in US as country risk (uncertainty) is higher. Therefore, entering short in Gold pair are quite risky as short in Gold = believing USD will be appreciate. So this trade will only be executed when there is more confirmation on trend reversal. If the price move beyond 1276.6 (AB leg 0.886 Fibo retracement), this pattern will no longer be valid anymore.
DISCLAIMER:
I'm only providing my own thought toward the market but not making any trade call.
Hit the like button if you agree with my idea. As it will give me confidence to continue posting my idea. And feel free to comment in a respectful manner if you have a different view on it. Appreciate :)
Comment:
waiting ~~~
Trade active
Comment:
SL 1282
TP 1235
R:R 4.5
SL will move to breakeven when price reached 1259
TP 1235
R:R 4.5
SL will move to breakeven when price reached 1259
Comment:
SL move to breakeven
Another free trade :D
Another free trade :D
Comment:
SL at breakeven ... Lol
Next Opportunity !!!
Next Opportunity !!!