VasilyPonomarev
Long

bullish flag pattern and trend continuation

FX:XAUUSD   Gold / US-Dollar
hello traders,
great sentiment on gold             .
bearish flag pattern formation that you see on this chart is a perfect opportunity to follow up trend.
after each bullish wave occuring on markets on a daily bases it is essential for the market to be in correction afterwards.
on gold             , market is continuing establishing new highs so bullish flag in a great example of trend following pattern.
buying signal for us is a bullish breakout of flag's resistance.
stop always goes below lowest point of flag.
target is based on length of flag pole
snapshot
Kommentar: Attempt to go lower
Kommentar: back to the channel
Kommentar: Still in the channel
Kommentar: attempt to break
Kommentar: market is going up
Key area for reversal will be
Good luck and thank for the poste,
Antworten
Omar87 Omar87
@Omar87, Key 1310 $ - 1300 $.
Antworten
Hello, Vasily! Then why don’t you draw such a poles?
snapshot
Antworten
if we dont lose 1324
+2 Antworten
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