I see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis .
1% Risk - 2:1 RR
So far TD Setup Perfection Long position signalad a buy and is holding up with some respectable gains.
Long 68.41
Stop Daily close below 65.75
MACD turning higher but still hasn't crossed up, but if we have a higher close on Sunday Globex session that *could* bring Monday morning buy orders.
On the weekly chart, we have a really nice upward trending channel...
GOLD right now we want to see some sort of bullish candle form and more rejections to the down side. Or we are going to be testing lower support around 1287.
In order to turn bullish we want to break the upper trend line with confirmation. We also want to break above the 50 EMA and resistance at 1297.
RSI is in a downtrend. We will want to watch for a trend line break.
