Hi trading family. I have decided to start posting ideas too, thanks for all the love and support.
On this pair, we spot several confirmations on possible long for Gold with a risk-reward ratio of 1:2
The fibs offer key patterns in the market as they magically get respected in most cases.
The 3 circles you see form a head and shoulder pattern which gave us a short whose take profit has been reached.
If the triangle is not broken at the bottom, we will form a level for a new trend line which will give us the trailing levels for our trade.
Good luck with your trading.
On this pair, we spot several confirmations on possible long for Gold with a risk-reward ratio of 1:2
The fibs offer key patterns in the market as they magically get respected in most cases.
The 3 circles you see form a head and shoulder pattern which gave us a short whose take profit has been reached.
If the triangle is not broken at the bottom, we will form a level for a new trend line which will give us the trailing levels for our trade.
Good luck with your trading.