Price formed on H1 timeframe a Bullish Falling Wedge with a resitance at 1856. I predict that the price will probably go to break the resistance at 1862 and go for 1872. What do you think?
GOLD ANALYSIS Price formed a very visible bearish flag on H4. It is posible for gold to drop to 1840 near to the 1833 support area. What do you think?
US500 - BUY Entry - 4018.6 SL - 3986.3 TP1 - 4041.0 TP2 - 4059.6 TP3 - 4079.3
The market broke the channel support and keeps the down trend. My signal is entry @4095.89 with SL at 4160.24 and TP at 3967.24. I will place a 1 lot trade with a 0,5 lot take out on profit at 50% from my way to the initial TP. What do you think about my ideea?