XAUUSD at Trend Line - Look for Buy Confirmation
XAUUSD broke downwards of a flag formation we have been seeing for the past few weeks. Price is now at a crucial area, right on the up trend line.
Technicals are still pointing north:
1. RSI in buy zone on large timeframe.
2. Bulls still in power as up trend line still holds.
Entry @ current price area of 1861.00
TP 1 @ 1900
TP 2 @ 1.1971
Remember at crucial ares as such, set shorter stop losses and always always have risk managemetn.
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple
Technicals are still pointing north:
1. RSI in buy zone on large timeframe.
2. Bulls still in power as up trend line still holds.
Entry @ current price area of 1861.00
TP 1 @ 1900
TP 2 @ 1.1971
Remember at crucial ares as such, set shorter stop losses and always always have risk managemetn.
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple
Catatan
We have a strong bull candle close above of trendline. Resume buy direction. Trade currently up from 1860 entry.Catatan
TP 1 has hit :D
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