@ideep1, Trading is not about percentage, it is about the direction plus a good entry and your ability to change your forecast when the market is telling you that.
Viktor_FX
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Hi, @Leorado! Please explain your vision of that ascending hedge and it's break to 1680. Or is it purely due to intuition? Thanks.
Leorado
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@Viktor_FX, It's not only the intuition, but this is also how usually the market behaves, but as you know, we can not dictate the direction to the market, we just watch it and make an assumption based on the past behavior of that specific chart. Good luck friend!
Viktor_FX
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@Leorado, thank you for kind reply. I must correct myself - you have shown a bearish rising wedge on the chart which generally breaks downward at the end. It would be nice to see how Gold will go down that path. Good luck too, mate! )
Leorado
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@Viktor_FX, Yes you are right, the rising wedge usually breaks down, but we have to remember that the bigger picture is the falling wedge, which should brake to the upside, so you see now the difficult part of the game? Let the market open and give a bit of move, then we will decide where is going to go next.
Viktor_FX
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@Leorado, now I understand. I appreciate your explanation! Next week may be no less amazing. )