XAUUSD - 30M - Breakout buy for CD trade of Butterfly
Updated
As anticipated in earlier ideas we did see gold rising. im already long a few positions based on earlier breakouts, since they are all breakeven by now im looking for further buys above the current consolidation.
The goal is to get all the way up to the solid line for complete the head and shoulders patttern and then look for shorts based on this butterfly.
check out links below for a view on the head and shoulders im talking about
The goal is to get all the way up to the solid line for complete the head and shoulders patttern and then look for shorts based on this butterfly.
check out links below for a view on the head and shoulders im talking about
Note
im already long based on the breakout yesterday. you will have another (better) chance if we see a breakout out of the more clear abc correction. i will use this breakout to bring my stops up and add alittle bit to the position (if we indeed see it happening)Note
only a break of the orange line will make me more biased towards short
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