( Click image to enlarge )
Pair : GOLD
Timeframe : Daily
Broker : FxCitizen
Trend : Downtrend
Analysis :
- Trend still remain bearish but at the daily timeframe hammer pattern already formed.
- Price also already enter the oversold level.
- Price reject daily support and lower trendline.
- Find entry position at H1 or H4 to long ( buy ).
- Entry not valid if new candle exceed and close beyond previous candle lower price.
Trade Idea :
Signal | Stop Loss | Take Profit 1 | Take Profit 2 | |
Buy | 1218.00 | 1241.50 | 1254.00 | |
*Disclaimer
Before follow this analysis , please make your own analysis and compare with this analysis. Make sure you already have trading plan and money management calculation before enter position. Always consider how much risk and reward according your invested capital. We not responsible for any loss and damage. Trade at your own risk.
Before follow this analysis , please make your own analysis and compare with this analysis. Make sure you already have trading plan and money management calculation before enter position. Always consider how much risk and reward according your invested capital. We not responsible for any loss and damage. Trade at your own risk.
