XAUUSD Long - Ascending wedge or Cup and Handle

2016年8月3日

Cup and handle pattern completing, however an ascending wedge has given possible different exit point. Trading to Cup exit point, then monitor.

First publish! :-)

2016年8月5日

註釋

Didn't quite make it all the way up the cup and so my handle is too high. Despite it travelling along in a handle channel now, the longer term indicators are quite bearish, and so I expect with the recent jump from BoE rate cut, that this is more of a double top, and that the cup is a larger double top. Looking for Gold to fall over the coming weeks.