XAUUSD: 20dolars stoppped out with the trial order, now what?
XAUUSD broke the pattern and the first trial buy order got stoppped out.
As you can see from the updated analysis, the new resistance is now 1605, and the area from 1616 to 1620 is a strong resistance from W chart.
So, personally I will set new short orders.
TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.
THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!
As you can see from the updated analysis, the new resistance is now 1605, and the area from 1616 to 1620 is a strong resistance from W chart.
So, personally I will set new short orders.
TIPS:
1. ABOUT PRINCIPLES: TREND/direction > POSITION/level > PATTTERN/signal
2. ABOUT PATIENCE: TRADE LIKE A DROID WHEN THE MARKET IS CLEAR TO YOU, AND LIKE A SNIPER WHEN NOT
3. PLEASE ALSO REFER TO MY FORMER ANALYSISES LINKED BELOW, WHICH ARE ALL RELEVANT TO THE CURRENT MARKET, AND HIT THE "LIKE" BUTTON IF MY ANALYSIS IS HELPFUL TO YOU.
THANKS FOR YOUR SUPPORT AND GOOD LUCK TRADING!
