Intra day Plan based on Levels for Sep 12th 2018What a day it was yesterday first move down and then spike up. Today it looks like once again its going for that 1188 breakout. once that 1188 is broken we may see 1183 and maybe more. On upside i will be watching at 1202 area closely .
Clone Levels for today:
Upside: 1202/1210
Downside: 1192-1188-1183
Scalping Range:1192-1199
Note: This is not a trade advice. Please do your own due diligence before placing the trade.
Xausd
XAUUSD SHORT TRADE FOR ABOUT 650 PIPSA short opportunity for a solid profit reward ratio of about 1:5
Confluences of short term supply zone + head and shoulders pattern breakout + 4H TF trendline touch for our solid entry Zone.
Keep your eyes on divergences to make sure for more conservative traders on this opportunity.
Happy Trading month to all.
Gold shortSeildev here and hope everyone has had a great weekend.
I'll be closely looking at shorting gold this week with the following reasons:
- Area of interest 1261.79 ~ 1265.83 for short
- 38.2% Fib reversal point 1262.05
- 78.6% Fib reversal point 1257.45
- Respected channel resistance since Jul-16
Safe trading everyone.
GOLD SQUEEZE MOMENTUM UPSIDE PATTERNAS SEEN IN PREVIOUS STRUCTURE (PREVIOUS LONG BREAKOUT), WE EXPECT PRICE TO CONTINUE CONSOLIDATING IN SQUEEZE MOMENTUM UPSIDE PATTERN. WAIT FOR PRICE TO TEST THE TREND LINE FROM THE STRUCTURE. ENTER AT THE BREAK OF POSITION 1 (TREND LINE 1339 LEVEL) WITH A STOP LOSS AT POSITION 2 (1335 PRICE LEVEL).
PROFIT TARGET AT POSITION 3 (1352 PRICE LEVEL).
GET READY FOR SOME SERIOUS PIPS.