XAUUSD Daily Island Reversal, Bearish Shark

23 mar 2016

Am short looking for two targets to re-establish longer term long positions
Final short target will be the 78.6% retracement which is also a gap close and the zone for a 2618 trade

If it gets there I am planning to buy again into a longer term position long

Market may be forming a weekly triangle and the $41-$42 high may be resistance going forward so will take partial profits on any longs prior to this and play the range

23 mar 2016

Nota

incorrectly noted XAUUSD, should be CL1! Curde Oil
Minor Oversight as currently swing short both.... technical view on this is unchanged

2 apr 2016

Trade chiuso: obiettivo raggiunto

Target 1 hit, trailed second stop to BE

5 apr 2016

Nota

This pattern could better be described as a Nen-star pattern at 127.2% extension of X-A
Final target lower is 29.64 based on the gap here although not sure if it will reach it... we will see