Another simple setup but superb one. We have triple retests around 1330's in XAUUSD, I have initiated long positions based on 3 reasons, 1) Three time price retested this zone 1330 in XAUUSD 2) Hammer with Bullish confirmation close 3) Risk-Reward is good For this particular trade setup,pls check ur trade plan and check whether it suits you before entering !
Thanks for your support, Happy Trading !
Komen
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Target 1 achieved... whatever comes after this is complete Bonaza :)
It recently broke a trend-line that can be traced back to July 25th approx. I am curious if it is going to go back up to 1350+ levels (your TP) or if it will only form a flag that could manage to touch 1340 at best. Thanks a lot for sharing..
InsiderB
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I have planned two targets, will close of certain % around 1342's and the remaining @ 1352's.. So lets wait n watch how the trade goes...
fxfxfx
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thanks for your reply. I will jump in with a SELL position if I see a bearish sign around 1342. It is too late for me to take that LONG trip now.