This is very similar to the gold set up on sunday/monday we had.
We have a 4H trap move zone (purple) it is a trapped engulfing on the 4H.
As usual, we wait for the retest of the zone. And at the retest we look for a harmonic entry.
We have two. Gartley, and potential shark/alt bat pattern.
I'm looking for one more low to be made on the 15 minute chart with divergence between the two lows.
If I get an entry at the teal line I will be using a very tight stop loss. probably 6-10 pips.
I will look to hold for the green targets up top, because I believe the triple top traders have their stops sitting there.
Look for the entry to come during the
-Hong Kong Open.
-Midnight Eastern
-Italy/German Open
-London Open.
-Italy/German lunch (5:30am est)
-NY Open
We have a 4H trap move zone (purple) it is a trapped engulfing on the 4H.
As usual, we wait for the retest of the zone. And at the retest we look for a harmonic entry.
We have two. Gartley, and potential shark/alt bat pattern.
I'm looking for one more low to be made on the 15 minute chart with divergence between the two lows.
If I get an entry at the teal line I will be using a very tight stop loss. probably 6-10 pips.
I will look to hold for the green targets up top, because I believe the triple top traders have their stops sitting there.
Look for the entry to come during the
-Hong Kong Open.
-Midnight Eastern
-Italy/German Open
-London Open.
-Italy/German lunch (5:30am est)
-NY Open
Note
Dang, my broker already hit the entry, but this chart doesn't show it. Hopefully we get a retest
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.