xau/eur bearish set upon the weekly chart, I see potential resistance zone marked out which has been tested several times so I am hoping price will be influenced by sellers hopefully and that selling pressure will be emitted due to psychological levels. Also this is in confluence with the downward trendline as well so I am hoping price reacts to that.
This is a position trade as well so this will take some time before price actually reaches take profit so patience is required.
Traders looking into this should go down on lower timeframes to check for entries/patterns to determine where to place trade.
XAUEURK trade ideas
XAUEUR The parity tested the area between 50.0 and 61.8 Fibonacci levels, but the range appeared to be a strong resistance. The price currently is heading down towards the triangle’s base at 1070 level. Once the price reaches the tip of the formation, we can expect a breakout. Technically, it should be an upward breakout with 1080 and 1093 levels targeted.
XAUEUR Short /15min I am using this strategy for 4 years and no stop/loss hit.Believe or not !!
Just try with small micro lots . And raise quantity at each level.
I use 0.03 + 0.06 + 0.09 + 0.12 etc.
A small info about strategy , not written above . If price hits 50% retracement before
hitting to my levels , chart is INVALID.Do not trade this in this case.
Let me know if you want to ask anything at apataymurat@gmail.com
Thanks