STOP LOSS: 2.10000
TAKE-PROFIT 1: 1.89400
TAKE-PROFIT 2: 1.61000
The price action will only going onto TP 2 if the first rectangular box is broken the set a sell-limit @
STOP LOSS: 1.93000
Since the start of September Gold has been in a descending wedge, but since the start of december it has also been in a ascending triangle, I see Gold going in one of a few ways:
1. Short to and breaking below the triangle and a possible return to the base of the wedge, probably around 1420. (dont want to think about this)
2. Short to and bouceing off the base of...
Currently analysis showing a bullish pennant / bullish triangle pattern. Still very hesitant to get in on any GBP for the following reasons:
- Price is too high to start entering
- Major move has already taken place
- High volatility due to Brexit
To be a bull in this situation:
- Wait for confirmation of the triangle break as the price is...