This idea is for those who is looking for Long term holding position. Any SHORT order would be happened in the red rectangle zone. TP 1,2,3 are at the LightBlue lines. SL yellow line above.
Three top already and I am looking for a short position. To be safe, place order when price reaches red zone. TF Week: also have sign of reversion to down trend. (Strong support to this idea)
After price was heavily moving down for 1-2 months, it's time to buy at support zone now. - TF Day: Parabolic SAR tells that the price was moved down more than 1x multiply of difference point Indicator value at reverse spot. - TF Week: Parabolic SAR is on up trend.
Buy at the blue area, TP at 2 resistance lines. - TF Week: Parabolic SAR up treand - TF Day: Parabolic SAR sign of reversal triggered
A quick shot from here and green area below should make a bounce to the resistance soon. Suggestion: Long position till the up trend line.
TF Week: Still an up trend sign to follow. TF H4: Price is going to reach blue zone as the first resistance area. After that, it may drops to the support line and continue to reach the red line above one. Suggestion1: Short position, sell at blue area, TP at below red line. Suggestion2: Long position, wait for price to reach the support line before entering. TP...
TF Week: Parabolic SAR have sign of reversion TF H4: Reached the first resistance area. Short opportunity against long trend, TP at green area.
Here is my idea. Buy position is below the red line, TP at R1 and R2.
Put a short position when the price move above or near the red area. TP at either red lines.
Wait and start to place short positions in the blue area. TP is on the red lines.
OANDA:XAUUSD As indicated from Fibo-extension, the price is going to retest at 1527 resistance and probably will drop to 1481 as a first support level . What is sure is that 2 of indicators have plenty space to run on way up along with up trend in Time frame Day and Week. Let's see what will happen next whether I'm right or wrong.