Price bounces from the resistance zone. RSI confirms price reversal. It's short opportunity and we can sell below 1290.00 with stop orders above 1300.00 level. Place take-profit orders near the uptrend line or use trailing-stop orders for exit.
Thanks! Might it come to a M-formation? Still on short...
DLavrov
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@cmonmedia, if you mean a double top chart pattern - I'm not sure. Because on the daily chart we have up trend. Probably we'll see price reversal from the uptrend line and up movement to 1300.00 level and higher.
cmonmedia
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@DLavrov, Since jule 11 2016 primary trend is downwards - that's why I assume it could come to the double top chart pattern. thank you!
DLavrov
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@cmonmedia, it was a down trend. But looks at Moving Average with period 100 on the daily chart, for example. MA100 was broker, and now we can see the up trend.
nice trade @DLavrov, I got out of my gold short yesterday thinking it might jump up on one of various news events happening today... could still happen with UK snap election results tonight. You got some balls brotha.