Currently,there is a rising channel during one hour TF.(XAUUSD)
In August 16, cup pattern target completed.
Currently,there is a rising channel during one hour TF.
The range of the rising channel in the picture is around $ 22.
You should buy and set stop loss as the price is near the support level of the channel.
Profit target could reach around $ 1805.00 as shown.
But it also could lead to break out condition !
Just after the breakout, the entry position have to be changed immediately as the following price range
Currently,there is a rising channel during one hour TF.
The range of the rising channel in the picture is around $ 22.
You should buy and set stop loss as the price is near the support level of the channel.
Profit target could reach around $ 1805.00 as shown.
But it also could lead to break out condition !
Just after the breakout, the entry position have to be changed immediately as the following price range
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