XAUUSD trading idea 28/10/2024
Based on the Bullish Flag pattern, a potential strategy could be to initiate long positions on a breakout above the flag's upper trendline, with a stop loss placed below the flag's lower trendline. Alternatively, traders could consider entering long positions on a pullback towards the flag's lower trendline, provided the trendline holds as support.
Entry: 2738, 2732 (for pullback entries)
Stop Loss: 2725
Take Profit: 2770 (based on the flag pole projection)
Entry: 2738, 2732 (for pullback entries)
Stop Loss: 2725
Take Profit: 2770 (based on the flag pole projection)
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