Xauusd (Gold) Long opportunity
Mis à jour
The reason i support for long/buy, its not just because of the price having big drop after fomc realease their data.The main fact that support my analysis which is
1:price current siting strong support zone. 2:price exactly linning up with fib retracement 3:market behaviour. 4:Rsi currently oversold on H1/H4.
As u can see , i have drawn down the fib from previous high 1914 to current low 1905. The golden ratio of retracement which is 38.2% and 50% perfectly linning up with previous structure(suppport and resistance).And what i believe is market wiped up all those trade with setting their stop loss at previous low which is 1810. Market usually wiped up all those trades which is as we all known (stop hunt).After the stop hunt,usually market will gain the liquity and strength for another opposite side which is retracement. Currently im in buy bias. Target on trade will be at 38.2% and 50% (300+pips and 400+pips) sl will be at 1790. Risking 200pips for max. Its a huge stoploss trade but once price moved back up will change sl at breakeven. Always remember dont over leverage ur capital. Always be trade smart. Plan the trade , Trade the plan.Share your thoughts comment below and i will appreciate it.
1:price current siting strong support zone. 2:price exactly linning up with fib retracement 3:market behaviour. 4:Rsi currently oversold on H1/H4.
As u can see , i have drawn down the fib from previous high 1914 to current low 1905. The golden ratio of retracement which is 38.2% and 50% perfectly linning up with previous structure(suppport and resistance).And what i believe is market wiped up all those trade with setting their stop loss at previous low which is 1810. Market usually wiped up all those trades which is as we all known (stop hunt).After the stop hunt,usually market will gain the liquity and strength for another opposite side which is retracement. Currently im in buy bias. Target on trade will be at 38.2% and 50% (300+pips and 400+pips) sl will be at 1790. Risking 200pips for max. Its a huge stoploss trade but once price moved back up will change sl at breakeven. Always remember dont over leverage ur capital. Always be trade smart. Plan the trade , Trade the plan.Share your thoughts comment below and i will appreciate it.
Transaction en cours
Trade running 110 pips moved sl at breakeven.Please read my analysis on above. Risk free!
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