AU D Buy Idea 5/8/24

May 8

Daily bearish trendline has broken and is now being retesting, so I am now looking at buys.

There's been a bullish impulse with a bearish correction (pullback) happening now. If price follows suit there should be a bullish continuation happening soon pushing price bullish.

This will have EMCers looking for entries Thursday or Friday to take price up to around .66722 for a -.27 TP.

**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**

May 13

Note

1:3.8RR completed

May 15

Note

1:5.1RR completed

May 15

Trade active

1:22.8RR completed

Jun 2

Trade active

In my opinion, buys are still currently valid. Price is currently in a bit of consolidation, so we will have to wait and see what this week has in store.

Jun 9

Trade active

Structure has not broken so I am still currently bullish from a higher time frame perspective

Jun 15

Trade closed: target reached

TP -27 and -61.8 hit on this idea. I've been trading futures so I didn't make it to TP with this idea. BUT it did get there.