fosis

Possible end of correction and beginning of uptrend continuation

Long
fosis Aggiornato   
FX:XAUUSD   Oro / Dollaro
The price hit 1137. It's 61,80% fibonacci retracement level. In theory that should point out to the end of correction.

Moreover there is Price Action formation called, Bullish Piercing. It's a trend reversal signal.

On the 1h chart, there is RSI bullish divergence.

My main TP target is 1182
Trade attivo:
Unfortunately, my prediction didn't work exactly as I wanted.

However my trade is still active. The price retraced to 1137 line and if bulls defend 1132 level they will take an initiative to pull price higher.
Trade chiuso: stop raggiunto:
My SL got triggered.

Idee correlate

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