Hello my friends,
For today i am gonna try buying XAUUSD.
It has been long since i trade XAUUSD because there is no good setup to trade yet.
Finally i found something interesting on the 1hr chart of XAUUSD.
Price currently hovering above the 200-EMA and i think it will served as strong support for XAUUSD now.
EMA-200 already hold XAUUSD for 2 weeks since price broken above it on 15th December 2020.
In my opinion it now forming a double bottom pattern and we might see price continue going up.
There is a strong resistance ahead at 1900-1906 area so we will only buy XAUUSD for a short moment.
As long as 1900-1906 hold as a resistance, there is no point in holding XAUUSD for too long.
Instead we will try capitalizing each swing.
Buy XAUUSD 1878
Stop loss 1870
Take profit 1894 (2R)
RR Ratio 1 : 2
Use only 1-2% risk
Good luck
For today i am gonna try buying XAUUSD.
It has been long since i trade XAUUSD because there is no good setup to trade yet.
Finally i found something interesting on the 1hr chart of XAUUSD.
Price currently hovering above the 200-EMA and i think it will served as strong support for XAUUSD now.
EMA-200 already hold XAUUSD for 2 weeks since price broken above it on 15th December 2020.
In my opinion it now forming a double bottom pattern and we might see price continue going up.
There is a strong resistance ahead at 1900-1906 area so we will only buy XAUUSD for a short moment.
As long as 1900-1906 hold as a resistance, there is no point in holding XAUUSD for too long.
Instead we will try capitalizing each swing.
Buy XAUUSD 1878
Stop loss 1870
Take profit 1894 (2R)
RR Ratio 1 : 2
Use only 1-2% risk
Good luck
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.