GOLD BREAK OF BULLISH MARKET STRUCTURE

2022년 10월 6일

XAUUSD just broke bullish market structure. It failed to break Higher high and created a double top which will be confirmed as it breaks below 1705.
Will be entering short as it breaks below 1705 and confirms it on hourly chart TP 1 will be 0.5 Fib which is 1672.05 and TP 2- 1658.42. will go for TP 3 1617 if it breaks below golden pocket of 0.618.
My SL will be 2%
I'll be entering short only if it actually confirms the double top by breaking below 1705. that will confirm market has actually flipped to bearish

2022년 10월 7일

액티브 트레이드

so it broke below Ascending broadening wedge pattern. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). Target of these pattern are usually at bottom of the Ascending broadening wedge i.e. 1614.95. If, I were to trade this pattern I'd have entered short by aiming target for 0.5 fib and 0.618 fib levels

2022년 10월 7일

액티브 트레이드

Employment report came out positive for the DXY

2022년 10월 10일

액티브 트레이드

closed Trade 1 at 1675

2022년 10월 10일

액티브 트레이드

Tapped 0.5 fibonacci level

2022년 10월 11일

매매 수동청산

Closed manually after tp1 and tp2 because Gold broke the 1674 area