XAUUSD - Bearish Engulfing - Weekly

18 Eyl 2017XAUUSD has formed a significant bearish engulfing on the weekly time frame after bouncing off a strong support level. A very strong Bollinger Band outbreak confirms this long term short setup. SL set above previous highs. TP set slightly above the first thinner resistance level. Price may continue all the way down to the support level.

8 Eki 2017

İşlem elle kapatılmış

Trade closed +444 pips profit.
Price bounced from the 61.8% fibonacci retracement level.
Significant bullish engulfing closed on H4 time frame with a very strong bollinger band outbreak and RSI divergence.
Small bullish engulfing candle closed on daily time frame.
Daily POV:

15 Ara 2017

Yorum

Dropping as expected. Price is currently at 1253. Currently up $66.8.