XAUEUR trade ideas
Break Of Key Level XAUEUR, we have a bearish hidden divergence formation, and also a break of a structure and a clear rejection of the TL, it’s a 500 Pips move, catch it if you can, FYI that’s a daily chart, go lower the catch a good entry.
I will wait for the daily candle to close for more confirmations.
XAUEUR sellsTechnicals:
H4 bearish gartley
H4 head and shoulders pattern
Possible downside breakout to uptrend
This trade offers a decent 1:6 RR
Pointers against this trade
- XAUEUR is on a D1 uptrend, bulls may push prices higher
- A global risk off may lead to buying of gold which may drive XAUEUR prices up
- With these 2 factors in mind, this is not the most perfect set-up - I would advise halving your risk if your are entering this trade
XAUEUR (Die with memories, not dreams.)XAUEUR
This pair had been rising tightly and it had reached the strong resistant region of $1,581.
It may do minor pullback first.
If you wanna long, wait and look out for favorable PA near $1,540 or 1$,520 regions.
DYODD, all the best and read the disclaimer too.
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Thank You!
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'Position Sizing' for beginners - XAUEURIn this example I'm gonna show you how important is the entry point.
With same levels for stop-loss and take profit, one position will give you the opportunity to earn 3 times more than the other.
It doesn't mather if the position is a loss or a win, I just want to visualy show you the importance of the entry.
XAUEUR PredictionAs we've seen XAUEUR breakout the 1530 zone to the downside before breaking it again back the the upside showing us that the seller do not have enough strength. Currently the pair is in a ascending channel and I looks like it still gonna move further to the upside towards €1630. Right now is also a good opportunity to go long.
Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
XAU/EUR MULTI-TIMEFRAME ANALYSISGood day trader's, here's my day fourteen video of the #100DaysodTechnicalAnalysisChallenge. XAU/EUR caught my interest and here's a full breakdown on it. I'll look to go SHORT on XAU/EUR only if my trading criteria is met. Let me know your sentiments on it in the comments.