Trend Lines/XAUUSD
Homework to identify the Trendlines
#1 Shows a Downward Trendline with a Bearish Divergence indicating a Sell to the TP (Lowest Point between the 2 divergence points)
#2 Shows the Upward Trendline after your TP was hit trending from a double bottom to buy up. Head toward#1's Trendline and your original Stoploss.
#3 Shows after Trendline are broken. There is a Double bottom again looking to buy up. Creating a Uptrend Line.
It also shows Divergence and several retesting of the Trendline. Please feel free to comment and advise of any ideas. Thanks
#1 Shows a Downward Trendline with a Bearish Divergence indicating a Sell to the TP (Lowest Point between the 2 divergence points)
#2 Shows the Upward Trendline after your TP was hit trending from a double bottom to buy up. Head toward#1's Trendline and your original Stoploss.
#3 Shows after Trendline are broken. There is a Double bottom again looking to buy up. Creating a Uptrend Line.
It also shows Divergence and several retesting of the Trendline. Please feel free to comment and advise of any ideas. Thanks
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