TradeUpCards

History repeats...

Long
OANDA:XAUUSD   Or / Dollar Américain
Looking for a similar pattern in historic charts. I found this one back in 2012. Notice the bearish consolidation (descending wedge). It breaks lower around 1640. There is a failed reversal at 1590ish that is a bearish continuation candle even though it's green. Notice longer upper wick than lower wick (spinning top). At the bottom get a wide doji. Even though it is red overall, the longer wick is the bottom one. Next candle reverses back to SMA9. That is the action I'm looking for next week.

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