This idea is simple. It seems that the 2016 high will be the line in the sand. As I posted a few hours ago in this idea I entered a long position at 1389-1391:
Target : 1440$.
Ghi chú
I still have a range, but after the morning drop I see a triangle forming:
Ghi chú
We were unable to tag 1383 two times in a row. So this more and more looks like a triangle.
Ghi chú
Following the triangle pattern. This bounce was nasty. Almost everybody is short.
Ghi chú
Powell's testimony is an hour from now. The bounce was caused by currency movements
Ghi chú
XAUEUR is bouncing too. +0,5%
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It's just a guess but I think the testimony speech went out , so a few insiders already have read it and they started to buy. If it is the case he will talk about the rate hikes at 16:00 Budapest time.
Ghi chú
*** Rate cut
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Very strong... The dip was bought in the same hour.
Ghi chú
FED minutes 2 hrs and 15 minutes from now.
Ghi chú
Many' Fed officials said in June they'd be willing to cut interest rates if uncertainty still weighs on outlook, minutes show Only a few FED officials argued against the rate cut in June - Minutes show. Asia will buy this. Path is clear.
Ghi chú
Ghi chú
Getting close:
Giao dịch được đóng thủ công
Close enough. Waiting for the next setup. Breakout from the triangle, or the lower trendline again.
Ghi chú
We might get back into the long position soon, as it looks like a flag now.
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