Possible shortterm Gold rally?
Depending on the MACD Crossing, we could see at least a mini rally up to the 0.5 Fib line.
With a tight stop this could make a very decent RR trade.
1. RSI Bullish Divergence
2. Potential MACD Cross
3. Retest Ichimoku Cloud
Drawing a line parallel to the support line could even be the definition of a new channel. Leading to the chosen TP point.
Stoploss will be hit if the cloud and trendline is broken
Here's to my first published trade idea :0
With a tight stop this could make a very decent RR trade.
1. RSI Bullish Divergence
2. Potential MACD Cross
3. Retest Ichimoku Cloud
Drawing a line parallel to the support line could even be the definition of a new channel. Leading to the chosen TP point.
Stoploss will be hit if the cloud and trendline is broken
Here's to my first published trade idea :0
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