Daily Bullish Engulfing Retest Can Lead To Swing Buy

Gold looks like isn't perfect position to perform a swing bye beginning this week. We had a bullish engulfing bounce off a monthly level and then was retested on Friday to confirm to buy is a go for this week. I'm only trading it to a lower low that I found on the daily timeframe for now. And if it passes that monthly, of course I'm going to hold it for much longer. Bear targets are in place in case things don't do as planned.

I'm actually pretty excited to trade this pair for the week. Let's see what it does!

BULL TPs:
• 1731.17
• 1738.39
• 1746.00
• 1757.70

BEAR TPs:
• 1715.34
• 1709.17
• 1699.72
• 1689.00

Zlecenie aktywne:

Went bullish, but fell short of the final BULL TP.
Hit BULL TP3 on March 17th during the New York session.
So this is still an active trade until all BULL or BEAR TPs are hit.

Zlecenie zamknięto ręcznie:

I do not like the several day consolidation that has now shown up. Yes, it's preparing for a BIG move, but I have to wait it for a breakout before I can validate an active trade. Trade is closed manually to await a breakout trade.

All TPs are still in play and Active