So we reach the critical support in daily chart with a candle similar as of the ending one in the 1 hour yesterday's chart. We will see if this move lead us in a rebound today or tomorrow. At this point i see a buing opportunity with very low risk since the stop loss is very near....
critical for a higher low and escape from the downtrend channels
This is why you buy/sell only at the beginning/end of the session. Especially in a downtrend/uptrend a buy/sell opportunity is valid only at the end....
BUY THE CHART...SELL THE CHART...DO NOT HEAR THE NEWS
Nice reward vs risk ratio bullish chart....
Unusual amount of money in a small relative price range. A bigger, totally move is on the way.
The price is going to break the reverse SHS formation and the resistance area could provide future support for further long positions. Anyway this is a good profit vs loss ratio to trade at the end of the week.
A 1/2,2 risk vs reward ratio long trade
Weekly chart triangular formation and indicators. Waiting a possible long term movement with the formations resolve.
swing trade on $XAUUSD and profit vs risk ratios
swing trade on $XAUUSD and profit vs risk ratios