GOLD🥇 triangle breakout

19 janv. 2022

XAUUSD seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 2210 and even higher. Setting BUY STOP-LIMIT order to catch the breakout. GOLD come on!

• ENTRY: local high @ 1877
  
• STOPLOSS (SL): local low @ 1753
  
• TARGET (TP): height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 2210
  
• REWARD RISK RATIO (RRR): 2.7
  
• INVALIDATION: when SL level hit
  

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

31 janv. 2022

Note

Price got hammered by the yellow downtrendline. Another triangle (orange) in the making? Will be interesting to watch which way the price will break out of the local range (BUY STOP-LIMIT - STOPLOSS).

9 févr. 2022

Note

Just getting interesting. Breakout either way (BUY STOP-LIMIT = long; STOPLOSS = short) could decide the direction for next weeks/months.

16 févr. 2022

Transaction en cours

Order filled ✔️
Price breaking both triangles (yellow and orange) and also trying to break the swing high (BUY STOP-LIMIT).

28 févr. 2022

Note

Swing high (BUY STOP-LIMIT) broken and price then spiked with a vengeance to hit the resistance 1960 (white). Now back down slighly above the entry level. I think we could see price action as shown by the yellow path projection. 1st down to retest the triangles upper edges, and then up up up. Resistances (white) along the way

19 mars 2022

Note

So we went straight up to hit the 2050 resistance. Now pulling back down and test of the triangles upper edges (as mentioned before) being still in the cards.