XAUUSD ( GOLD ) - Massive Short ( Full Description)
Welcome to The EgoMist Financial Experts!
-XAUUSD- GOLD-
-Fundamentals-
Due to political situation and virus boom, investors started to redesign their trading basket, and as traditionally they will push more on GOLD.
We almost reached the HIGH of 2012 , but before we gonna do that - it's time to retrace ( fix part of their run ), also there is a deficit of liquidity ( buying power).
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-Technical Analysis-
We stuck in triangle caused by:
1- Major Bullish Trend Line with more than 7 hits already
2- Local Bearish Trend Line with 2 touches
Usually in such kind of situation we will see a FALSE Break-Out of Local Bearish Trend Line at the 4th Touch!
-That's why we set our SELL LIMIT orders:
1- Short-Area #1
2- Short-Area #2
With Logical Take Profits at Supply-Demand Zone and Local Liquidity Points!
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-Indicators-
EgoMist Divergence:
1- Points for Sellers Power - RSI hardly go above 50 levels zone.
2- At the Fake Break-Out we will see a good divergence ( Price Structure already points at it and formed best conditions)
EgoMist ATR
1- Above the Price we have Monthly and Weekly Zone which represent strong resistance
2- Our next Weekly Zone will be lower than previous one!
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Conclusion:
1- We have already opened few short with small lots since current Risk is High and Stop Loss is Huge
2- We set a 2 SELL LIMIT orders above with amazing RR
3- We have a cover HEDGING Trade in case of loss - At false breakage of HIGH 2012
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Don't Forget to Subscribe, Like and Commend
Thank you!
-XAUUSD- GOLD-
-Fundamentals-
Due to political situation and virus boom, investors started to redesign their trading basket, and as traditionally they will push more on GOLD.
We almost reached the HIGH of 2012 , but before we gonna do that - it's time to retrace ( fix part of their run ), also there is a deficit of liquidity ( buying power).
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-Technical Analysis-
We stuck in triangle caused by:
1- Major Bullish Trend Line with more than 7 hits already
2- Local Bearish Trend Line with 2 touches
Usually in such kind of situation we will see a FALSE Break-Out of Local Bearish Trend Line at the 4th Touch!
-That's why we set our SELL LIMIT orders:
1- Short-Area #1
2- Short-Area #2
With Logical Take Profits at Supply-Demand Zone and Local Liquidity Points!
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-Indicators-
EgoMist Divergence:
1- Points for Sellers Power - RSI hardly go above 50 levels zone.
2- At the Fake Break-Out we will see a good divergence ( Price Structure already points at it and formed best conditions)
EgoMist ATR
1- Above the Price we have Monthly and Weekly Zone which represent strong resistance
2- Our next Weekly Zone will be lower than previous one!
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Conclusion:
1- We have already opened few short with small lots since current Risk is High and Stop Loss is Huge
2- We set a 2 SELL LIMIT orders above with amazing RR
3- We have a cover HEDGING Trade in case of loss - At false breakage of HIGH 2012
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Don't Forget to Subscribe, Like and Commend
Thank you!
Trade fermée: cible de profit atteinte
Easy Run =) Sad that price didint went up towards our SELL LIMIT ORDERS!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.