Daily view the H&S not activated but feel fake is a bull signal?
Just a simple daily view of the gold
We can see the H&S still not activated and waiting for a bullish signal or for an activation of this H&S.
Bt we can think that its already a bullish signal as the candle close up to the ma20 and ma50 even in weekly chart but the risk sentiment sill largely buying so until a not sedong ral big move it will be a fake bulll signal and back to the neckline of the H&D for me is that scenario the most probably a (fake bull signal)
We can see the H&S still not activated and waiting for a bullish signal or for an activation of this H&S.
Bt we can think that its already a bullish signal as the candle close up to the ma20 and ma50 even in weekly chart but the risk sentiment sill largely buying so until a not sedong ral big move it will be a fake bulll signal and back to the neckline of the H&D for me is that scenario the most probably a (fake bull signal)
Trade closed: target reached:
good feeling about fake breakou me i played it i got 13.5$ on the movement of 17$ not bad