JusTru18

XAUUSD Long Idea

Viés de alta
OANDA:XAUUSD   Ouro/Dólar Americano
Overall Trend on Daily TF shows an uptrend so I’m looking for a buy opportunity. Scaling down the tf charts, I spotted a true retracement on the 4hr tf but no break and retest. Continuing down to the 1hr tf, i spotted a head and shoulders formation that played out previously, in which market consolidated forming a falling wedge. Price rejected hard off my key level (1912.127) then broke out of my falling wedge (resistance level). If price retests and makes resistance my new support, I’m going to enter at 1939.744. Stop loss at 1902.817. Take profit 1 at 1979.357 and take profit 2 at 2000.171
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