GOLD 15 minute Falling Wedge?

TECHNICALS:

Reason 1:
- Possible falling wedge forming on the 15/30/60 minute charts
- 2 touches/rejections of upper trendline
- Currently 2 touches however 3rd touch/rejection of lower trendline is occuring as I write this.

Reason 2:
- Bullish RSI divergence 4h/1h/30min/15min charts

Reason 3:
- 3rd touch/rejection of lower trend-line coincides with lower bollinger band limit on 15 minute charts.

FUNDAMENTALS:

- US/China trade war possible escalation, alot of fear surrounding this.

- EU have hit back at the USA with billions in tariffs, set to be launched on Friday 22/06/2018

Appreciate any thoughts, comments. Constructive criticism only please! thanks for reading,

James

ความคิดเห็น:

price finding support at 1262

การซื้อขายยังคงดำเนินอยู่:

Trade open.

-Entry @ 1262.54

-SL @ 1259 (below 1260 support level + psychological whole number)

ความคิดเห็น:

Bullish engulfing candlestick just formed, hopefully another move up

ความคิดเห็น:

- Another bullish engulfing candle now seen on 1h chart after close at 12am