During last weeks YouTube video I called out my three biggest opportunities to kick start 2017, XAU/USD was on the list and it is carrying huge potential.
Once price completes the bearish 5-0 pattern at the D point around $1248 I'll be selling.
Stop loss: $1281 Take profit: $1121
HUGE opportunity with an amazing risk to reward of 1:4!
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Price is closing in on the D point at $1248, I'll be looking to enter once we reach this major level of resistance.
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Pay close attention for a solid reversal over the next week.
We will either see a reversal at $1248 on the major resistance level and D point.
OR
Upon a touch of the weekly trendline at $1270.
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First take profit level has now been hit, move your stop loss into profit.
Hey. Trying to understand your chart, so i can understand your current charts (looking for a short buy opportunity). Care to explain how come the Stop loss in your first comment is higher then TP? And was this a opportunity to sell after a buy at point a? Much appreciated!
LewisGlasgow
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@jackv.DerSchlesien, hey you're not making much sense, feel free to PM me with your question :) it was a long and short opportunity, two patterns within the same chart.
trajkovic
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Very good. Really neat work. Right and proper. You fit nicely in polite society.
Kudos
LewisGlasgow
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@trajkovic, thank you very much indeed :) I hope you have a great week!
skrotkalle
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Wow , what a 100% match.... funny to succed in many of those analyses :) Good work.