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Business / Finance

The gold definitely takes the signal to sell!

MQL5: Blogs Traders 20.08.2017 at 11:07

Blogs traders and analyst of financial markets

Good day!

For gold on the daily chart, we hit the shooting star in the upper bound of the range. Also a body falling stars blocked the previous candle, having thus also the absorption. Now we have a very good signal to open a short position:

the First option is selling in the open market. The second option – selling from mid-shooting star (so we reduce our stop loss): Sell Limit 1292.00, SL=1303.00, TP=1215.00.

On a currency pair of EUR/GBP we are close to the resistance level of 0.9260, which looks interesting and promising sales. Here waiting for the formation of a candlestick reversal signal for opening short positions: