New Trader Charting 1H XAUUSD Feed back Welcomed

8 oct. 2020

Here we have my first real charting of anything and Im really publishing it to get corrective feedback or see if Im on the right track. So the prediction is that with a obvious downtrend happening with a flag pole pattern coming to light, I traced a Fib on the most recent swing low and high and came up with this golden test zone that seems to follow the flagpole pattern. So now Im just waiting on the 1H candle to close and see for a breakout, if it doesnt then I'll reassess the chart and not enter. Feedback is greatly appreciated!

8 oct. 2020

Commentaire

it has just broken above the top trend line continuing to pullback, it could be a retest so i set my stop lose for 1889 just below the top of the golden zone

8 oct. 2020

Commentaire

Correction: it didnt break above the top trendline and is continuing as planned, waiting for the 1H candle to close to confirm its following pattern.

Entry: 1886.38 and 1888.04
SL: 1889
TP First Entry: 1874
TP Second Entry: 1863