XAUUSD in Symmetrical Triangle | 6 May 2020

6. Mai 2020

XAUUSD is in a symmetrical triangle. In stead of playing a breakout in either direction, we decided to play a possible reversal in the triangle as there's no signals for breakout in any time soon. 78.6% and 88% Fibonacci retracement are important triangle retracement levels that we used to identify the levels.

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6. Mai 2020

Anmerkung

8. Mai 2020

Trade ist aktiv

we are in the trade, price is now testing the upper band of the triangle. If price breaks out of the triangle, we will invalidate the idea!

11. Mai 2020

Anmerkung

This is the updated idea!