We could see today price try to reach the highest high again on the trading section of Friday 14/6, Early hour during Asia section price was shoot up $16 and now are down $2 been form a long wick shooting star on daily chart.
Now I'm entry is at 1349.60 trading at the resistance with a stop loss at 1370, price look like a half way done of Head & shoulder, Price action couldn't push the price higher and now are forming a highest low.
I'm predicting the Head and Shoulder Pattern based on starting from 3/6 which the rally started,which lead almost 6 trading day to form, looking forward price should have use another 6 days to form the head pattern targeting at
Prediction (1)
Entry - 1349.60
SL - 1370
TP - 1322
Prediction (2)
At that moment we could try to entry the trade with a Swing up from
Entry - 1322
SL - 1308
TP - 1339 ~ 1342
Prediction (3)
If this move is correct then we are expecting another move of down towards the Body line from
Entry - 1339
SL - 1360
TP 1)- 1322
TP 2)- 1308
TP 3)- 1300
Happy Trading and May the Gold be with you
Cheers !
David
Now I'm entry is at 1349.60 trading at the resistance with a stop loss at 1370, price look like a half way done of Head & shoulder, Price action couldn't push the price higher and now are forming a highest low.
I'm predicting the Head and Shoulder Pattern based on starting from 3/6 which the rally started,which lead almost 6 trading day to form, looking forward price should have use another 6 days to form the head pattern targeting at
Prediction (1)
Entry - 1349.60
SL - 1370
TP - 1322
Prediction (2)
At that moment we could try to entry the trade with a Swing up from
Entry - 1322
SL - 1308
TP - 1339 ~ 1342
Prediction (3)
If this move is correct then we are expecting another move of down towards the Body line from
Entry - 1339
SL - 1360
TP 1)- 1322
TP 2)- 1308
TP 3)- 1300
Happy Trading and May the Gold be with you
Cheers !
David