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XAU/USD FORMS A FLAG PATTERN ON A DAILY CHART

Flags form when the market retraces during trending conditions and are used as trend continuation patterns.

The counter trend movement creates a small channel, when price breaks the channel in the direction of the trend, the continuation trade is triggered.We waiting to see a breakout at 1484.16 for a trend to continue and we wait for a pullback at our trend line for A nice entry……

For weeks throughout November and into December there has been a lack of conviction on gold and trading volatility has been on the wane. Having formed a low at $1445 the market has since been unable to continue the drive lower as part of what still looks to be a medium term corrective trend. Equally though, the bulls have also been unable to grasp the initiative. Given the run of lower highs and lower lows, there is still a negative bias to the market.

Our Unique Features:
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1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Roy McBruckes are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Forex Tamil
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16 Dec 2019 6:08 pm Posted by admin