Hello fellow traders and investors,
We are buying this bullflag, untill the longterm resistance is hit. From there we will do some heavy shorts.
As you can see in the chart below gold is on a mission and we think that this resistance must been tested once again for any further drops occur.
In the forecast we have given our buy isn't triggered yet, but we trade upon the price action we see and this hammer shows we have some evidence to long a bit earlier.
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
We are buying this bullflag, untill the longterm resistance is hit. From there we will do some heavy shorts.
As you can see in the chart below gold is on a mission and we think that this resistance must been tested once again for any further drops occur.
In the forecast we have given our buy isn't triggered yet, but we trade upon the price action we see and this hammer shows we have some evidence to long a bit earlier.
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
Note
The signal on the lower timeframes looks like a retracement is not rules out.Note
We put our SL at break-even. This could be a fake-out. In case of a flag we will remain in the trade this way.Note
Scaling out, another shot here!Note
My followers are in good profit! Congrats!
Note
We need to retrace a bit and there is another buy trigger:Trade closed manually
Closing all buys here, the top might be in earlier than expected.
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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.
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.