I am watching
GOLD
after the recent breakdown of a triangle pattern. Price has come back to test the triangle and we are waiting patiently for a signal to go back short. The 1H time frame is almost done filling a fair value gap and it lines up with the bottom of the triangle. Gold can prove to be tricky to pin an entry so i would like confirmation before taking it short.
Follow this idea for updates and when an entry is taken!
GOLD
after the recent breakdown of a triangle pattern. Price has come back to test the triangle and we are waiting patiently for a signal to go back short. The 1H time frame is almost done filling a fair value gap and it lines up with the bottom of the triangle. Gold can prove to be tricky to pin an entry so i would like confirmation before taking it short. Follow this idea for updates and when an entry is taken!
Bình luận:
We see that the bottom of the triangle is rejecting price action. I want to see a lower high placed before an entry is taken but this setup is starting to materialize.
Giao dịch đang hoạt động:
if we dont clear 2020 here then i would say its safe to enter a short postion Here. Stop at maybe 2020
Giao dịch đang hoạt động:
Looks like we got a rejection candle on the daily and our strat is printing sell signals on the 1hr. My stop will be 2030 and looking to target 1960 area.
Giao dịch đang hoạt động:
Moved my stop a little to give this room to work.
Bình luận:
We are forming a rising wedge after breaking down the triangle. big watch here.
Đóng lệnh: dừng lỗ:
broke topside.
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