Nakedchartanalysis
XAUUSD : CORRECTIVE TRADE PLANHi trader..
Last week price manage to break retest area and continue downwards and tested 1668.92 support.
For long term (WEEKLY & MONTHLY) still UPTREND and DAILY in CORRECTIVE TREND unless break out 1751.62 i will look for long position.
so this week i will look for more short position then a long position..
all details r in the chart...
lastweek trade
RISK DISCLAIMER :
All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose
im not responsible for any losses incurred as a result of using any of my trading strategies and content on this analysis is subject to change at any time without notice
EUR AUD Trading idea EUR with recent strong moves from EUR showing strength I expect price to bounce back from the most this bearish move seen today (1/6/2020). Price is expected to go up to the open of close of the most recent bullish daily candle to balance out the imbalance of price action, then head to the downside following the overall bearish trend.
entry, take profit and SL point are on the chart attached. Risk management as alway.
If you want know how I came to this trading idea , get in touch.