Buy XAUUSD (Daily & 4H)
Updated
in Daily chart:
Support level at 1258-1266
61.8% fibo retracement
> Buy
Entry : 1272.5 (Now) or 50% retracement of engulfing candle at 1270.0
-Stop : 1263.5 (65 pips)
-TP1- : 1285.0 (150 pips)
-TP2- : 1307.0 (370 pips)
-TP3- : 1324.0 (540 pips)
in weekly chart:
Uptrend line
Support level
[img]
[img]
in 4H chart:
bottom of the bearish parallel channel
Divergence in RSI indicator
1.414 & 1.618% fibo extension of 1281 to 1310 (last bullish wave)
Bullish engulfing candle
[img]
[img]
[img]
[img]
Support level at 1258-1266
61.8% fibo retracement
> Buy
Entry : 1272.5 (Now) or 50% retracement of engulfing candle at 1270.0
-Stop : 1263.5 (65 pips)
-TP1- : 1285.0 (150 pips)
-TP2- : 1307.0 (370 pips)
-TP3- : 1324.0 (540 pips)
in weekly chart:
Uptrend line
Support level
[img]
in 4H chart:
bottom of the bearish parallel channel
Divergence in RSI indicator
1.414 & 1.618% fibo extension of 1281 to 1310 (last bullish wave)
Bullish engulfing candle
[img]
[img]
Note
First target reached. Profit = +150 pips
Trade closed: target reached
Second target reached. Profit = +370 pips
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.