GOLD / P2 T cycling
Updated
We have another transition cycling spotted. Also, it's not that simple as you may think. Every time you see something similar to transition cycling don't buy, because you will get yourself in trouble. There are conditions and rules to look at.
I am still in Buy from 1509 and added at 1504.
At 1525 I will take the buys off and start looking for sells.
Because we will still get the sharp move down like stated in the ideas before.
This down move changed the setup a little bit, so we don't look at 1530 anymore. Either way, if we do break 1534 and then fall, that confirms more upside.
Good Luck.
I am still in Buy from 1509 and added at 1504.
At 1525 I will take the buys off and start looking for sells.
Because we will still get the sharp move down like stated in the ideas before.
This down move changed the setup a little bit, so we don't look at 1530 anymore. Either way, if we do break 1534 and then fall, that confirms more upside.
Good Luck.
Note
Entries were not the best ones but patience paid off. The up move arrived.Note
Remember there will still be the sharp move down. Don't get caught in it with the buys. I closed all at 1525
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