Currently, It has reached the first sell target, and we just added more sell positions at 1701 zones.
The neckline has been broken and maybe the H4 candle will close below the trendline. As I mentioned in my previous analysis, we will keep selling if it can break out and close below the trendline target 1670 or later we will buy heavily if the candle shows a valid sign of rejection on the trendline.
Catalyst: Price action, US CB, FOMC, and PMI
Here's my previous analysis, April 26, 2020
The neckline has been broken and maybe the H4 candle will close below the trendline. As I mentioned in my previous analysis, we will keep selling if it can break out and close below the trendline target 1670 or later we will buy heavily if the candle shows a valid sign of rejection on the trendline.
Catalyst: Price action, US CB, FOMC, and PMI
Here's my previous analysis, April 26, 2020
Note
It might retest the broken neckline at 1705-1710Note
I posted this chart to my clients 8 hours agoNote
Current market price chartTrade active
So far so goodTrade closed: target reached
Short-term target reached, maybe will re-enter the trade later at better rates, maybe not.I just post the updated analysis, check it out
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Upgrade Your Trading Station with Gold Cartel
Related publications
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.