I believe that XAUUSD could be poised for a reversal, thus possibly reverting back to the former vibration area, the triangle’s bottoms.
There is a potential ending diagonal with a pinch of bearish divergence that might just deliver that.
• Ending diagonal pattern
• Bearish divergence
• Fibonacci extensions
• Large degree top
• Next expected swing on XAUUSD: 1200 units, bearish
My NFP Trading in August 2020:
• Looking to short at the tops
• Market price buy, tight stop, for back-up
• In case of breach, I have a sell-stop
*not investment advice, only market commentary.
There is a potential ending diagonal with a pinch of bearish divergence that might just deliver that.
• Ending diagonal pattern
• Bearish divergence
• Fibonacci extensions
• Large degree top
• Next expected swing on XAUUSD: 1200 units, bearish
My NFP Trading in August 2020:
• Looking to short at the tops
• Market price buy, tight stop, for back-up
• In case of breach, I have a sell-stop
*not investment advice, only market commentary.
Trade active
Trade closed: target reached
Target Reached!The sell-stop was good.
100 units caught on camera.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.