XAUUSD Long - Ascending wedge or Cup and Handle

3 de ago. de 2016

Cup and handle pattern completing, however an ascending wedge has given possible different exit point. Trading to Cup exit point, then monitor.

First publish! :-)

5 de ago. de 2016

Nota

Didn't quite make it all the way up the cup and so my handle is too high. Despite it travelling along in a handle channel now, the longer term indicators are quite bearish, and so I expect with the recent jump from BoE rate cut, that this is more of a double top, and that the cup is a larger double top. Looking for Gold to fall over the coming weeks.