XAUUSD - BUY THEN SELL LIMIT
On the daily chart, I seen a symmetrical triangle. Assuming the market plays within those boundaries it should retrace back up before finally falling or it will break the triangle and stop out.
Buy (retracement) - SL has been moved above Breakeven already but I was playing it very closely. TP is in the range of the previous downfall.
Sell Limit (POWER MOVE)- I honestly think the trend will continue. The price where I will take my trade isn't exact but I will be looking for entries in the purple area. My SL is going to be a little above the outside of my triangle, because drawings aren't accurate I want it to be slightly further. TP will be where the bottom red line/previous swing low/bottom of the triangle is.
Buy (retracement) - SL has been moved above Breakeven already but I was playing it very closely. TP is in the range of the previous downfall.
Sell Limit (POWER MOVE)- I honestly think the trend will continue. The price where I will take my trade isn't exact but I will be looking for entries in the purple area. My SL is going to be a little above the outside of my triangle, because drawings aren't accurate I want it to be slightly further. TP will be where the bottom red line/previous swing low/bottom of the triangle is.
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