Trade plan 14 September 2016
-Daily chart
Price Action
Price is currently just bellow the monthly cluster pivot point(MMP) in the highly reversal zone, Price is also roaming around the 38.2 fib zone which currently acts as support,price has also not broken through the Descending triangle
Stochastic just crossed the 50% line heading to the oversold zone
Market
The 55 and 21 Moving average indicate a possible end to the bullish market which confirmation from the 55 and 21 will be closely observed

-H4 chart
Price Action
Price is Currently bellow monthly pivot point (WM2) and price has formed a symmetrical triangle which consist of Divergence an a possibly channel in it
Stochastic is heading to the overbought zone
Market
The consist of a great angle of separation between the 55 and 21 moving averages which indicates the bearish Market
-H1 chart
Price Action
Price is currently at daily cluster pivot point with a possibility of forming a head and shoulder patten
Market
The 55 and 21 Moving average indicate a bearish market
Planed Entry
Looking for a completion in the head and shoulder patten on the H1 Chart and a role reversal in the downside /A break through the in the symmetrical triangle on the H4 Chart role reversal in the direction of the trend / breakthrough in the descending triangle on the Daily Chart plus a role reversal in the Direction of the breakthrough

XAUUSD Daily

XAUUSD H4

XAUUSD H1

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