Black Friday Bulls 1/3 - Re-enter previous channel

Updated

Short-term support between 1920 & 1930.

Previous all-time high is the new medium-term support between 1870 & 1880.

Phase 1/3:
Bulls need to break back into previous channel, time window: 5 days.

TP: 1975 - 1980
Buy back in when (new) temporary support test happens @ 1955.

Note

Better news than expected for the dollar - CPI is up.

Gold selloff happening now.

How low will it go? Great opportunity soon to go long?

Trade active

Note

TP: 1916
SL: 1884

Trade closed manually

Price ignored channel support, continuing to 1884 key pricepoint.

Still looking for an enter into the long.

Trade active

Same TP and SL. Good entry this time.

Trade closed: stop reached

Well that's annoying.

Trade active

Re-entered long @ 1894.

Not ideal, but we'll have to make up for it by increasing lot size.

Note

Price trending nicely above the channel support now. Looking good.

Note

TP moved. New TP @ 1919

Note

Retesting that 1912 (61.8% fib) mark. Are we going to break through?

Trade closed manually

Nope. Closing position. 0.40% profit made. Waiting for next opportunity.

Trade active

Entering long @ 1903
TP: 1913 (above 61.8% fib)
SL: 1899 (tight, just below channel support)

Note

Poor previous entry unfortunately. SL hit. Re-entered at 1891.

Strong mid-term support established @ 1889.

Trade closed manually

Just trading the range. Time to trade a trend. Bullish or bearish?

Note

Bullish.

Opened @ 1905
TP @ 1912
SL @ 1902

Trade closed: target reached

Nice.

Note

Sitting at the midpoint of the channel right now. Market is waiting on news.

Trade active

Risky quick trade:

Open @ 1909
TP @ 1920
SL @ 1905

Will monitor and close before news is announced.

Trade closed manually

Closing with 0 loss 0 profit. Not worth.

Waiting on news.

Note

Pullback before big sell after news?

Get ready.

Note

US retail sales MOM @0.7 = long
@ 0.8 = sell
60 seconds

Trade active

Going long. Fundamentals had little effect. Technical analysis wins this time. Up we go.

Enter @ 1906
TP @ 1919
SL @ 1902

Chris4XTrading

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