Looking like a falling wedge pattern leading to support between $1.6 & $1.7, and that's where the buy zone is going to be in this trade.
RSI is showing bullish divergence on the 4h chart, I think it is likely we see another low here before we breakout from the pattern.
Favourable Risk to Reward here
Entry: @ $1.68 - $1.61
Stop-Loss: @ -8%
TP1: @ $1.96,
TP2: @ ...
What gold when it touches the white line. We already have divergence on the lower TF. This will give us a flat correction for one more move up before going down.
My two other long recommendations have been correct. My third one will be as well.
As you can see, the stock BAYN bounces around the former support that I have drawn in the second recommendation.
On Friday, the stock closed with a positive DOJI, just over the support line. Since the stock will open higher on Monday, I suggest that you open a long order @97.8€ ...
