Setup for bullish cypher Short

Gold/U.S. DollarFXCM

Description

⋅ Aug 6, 2016 10:15 AM

Since the previous release of FOMC and good NFP report, it seems that gold could be, again, under pressure like it was in 2015.

So, until the FED's decision of interest rates (in december), and if economic data are pointing some recovering, prices should go lower.

I will activate this trade idea if price breaks the mid-term TL (see chart)

Cypher pattern with D point in $ 1090/1095 area.

Comments

VRShaiju

⋅ Aug 6, 2016 1:44 PM

Great timing :) Don't reveal it

robus

⋅ Nov 25, 2016 6:28 PM

always brilliant !

MikleKey

⋅ Aug 6, 2016 2:24 PM

Great setup! But probably not the quotes of gold will go far beyond the basic - Long trend. In consequence of this, more I rely on correctional model Chiper - mini. After the execution of which is likely to open a good opportunity to purchase gold. We need to be ready to return quotes to the signal line - TL mini, after the rebound from it, the decline will continue. There perhaps is the development version Chiper Large Live!

MikleKey

⋅ Aug 6, 2016 3:04 PM

Fixed, Chiper in the text should be read as the Cypher. Sorry for the typo.