bradens

XAUUSD Decision

OANDA:XAUUSD   Emas/Dolar U.S
78 0 10
LEG 1: Determine if the pair will hit support and continue bearish or make its way past the resistance trend lines and its way to 68.2

(SELL) @ 1124.62
(BUY) @ 1230.54


LEG 2: Determine if the pair will continue bearish or bullish .

if(LEG1 == "(SELL)") {

Monitor the trend to see if it continues to the 23.6 fibb.

} else if (LEG1 == "(BUY)") {

Monitor the trend at 68.2 for if you should hold the position or liquidate it for a SELL postion from there.

}


These are my ideas and charts. if you choose to make trades based off of my judgement and analysis capabilities, do so at your own risk. These are the trades I take. Thanks.
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