i entered the gold just this morning at the open of market and got about 80 pips of profit. i saw it hiting and pulling back from a good resistance but i failed to trade the bounce.
now it is going down again, either to do the followings:
a. hit the bottom with dashed horizontal line to form a double bottom
b. hit the deep cypher and starts going up again or
c. could break out the horizontal line and keep going down.
i have gotten my profits, for now just waiting for the deep cypher or double bottom so i enter again.
for trading this please observe my norms:
good entry
good R:R
good luck
now it is going down again, either to do the followings:
a. hit the bottom with dashed horizontal line to form a double bottom
b. hit the deep cypher and starts going up again or
c. could break out the horizontal line and keep going down.
i have gotten my profits, for now just waiting for the deep cypher or double bottom so i enter again.
for trading this please observe my norms:
good entry
good R:R
good luck
