Triangle wave with targets

31 Oca 2017

We seem to be in a triangle wave, so we are looking at gold 0.83% touching support line (Purple line) and then bouncing to the top resistance (Red line). There is always a possibility that Gold 0.83% gets Trumped and heads upto resistance line, however that looks unlikely technically since we have a double top at 1220.

Trade 1 -> Entry: 1204, TP: 1146, SL: 1222 (I tend to keep it high in the case of a spike)
Trade 2 -> Entry: 1197 (STOPLIMIT), TP: 1114, SL: 30 (TRAIL STOP)

For my reference only, not intended for trading guidance to anyone else. Trade safely, good luck.

31 Oca 2017

İşlem aktif

Entry 1 SOLD @ 1204 initiated