Gold resumed its rally, sparked by recent tarrif news. Price is pulling back at the moment and has entered an sweet spot where we can confidently take our first low risk Buy.
BUYING HERE BECAUSE
1. We're entering into a low volume area, which is also in line with an FVG on the 1hr chart [FYI - best fvgs are those that line up with gaps in the volume profile] [Also FYI, i 'am not a core ict trader, low volume gaps existed before ict, FVG is almost like giving it another fancy name. From experience, i know not all fvgs line up with a low volume gap, but if you can find those that do, those ones have higher probability to give you a solid bounce]
2. When a new uptrend starts, i like to buy first 2 instances price pullback to bounce from my trend cloud indicator [which i'am not allowed to show here due to house rules cos i haven't published it publicly yet] We didn't get a perfect bounce as it has broken below it, but i'am still buying regardless due to my first reason above about the low volume gap.
PROFIT TARGET
Setting my profit target to my trusted Exofade peak. As long as the uptrend continues, Exofade peaks will ALWAYS get taken out. That why i love this indicator, and its free. It's my gift to y'all :) . Just search for it in trading view indicators.
BUYING HERE BECAUSE
1. We're entering into a low volume area, which is also in line with an FVG on the 1hr chart [FYI - best fvgs are those that line up with gaps in the volume profile] [Also FYI, i 'am not a core ict trader, low volume gaps existed before ict, FVG is almost like giving it another fancy name. From experience, i know not all fvgs line up with a low volume gap, but if you can find those that do, those ones have higher probability to give you a solid bounce]
2. When a new uptrend starts, i like to buy first 2 instances price pullback to bounce from my trend cloud indicator [which i'am not allowed to show here due to house rules cos i haven't published it publicly yet] We didn't get a perfect bounce as it has broken below it, but i'am still buying regardless due to my first reason above about the low volume gap.
PROFIT TARGET
Setting my profit target to my trusted Exofade peak. As long as the uptrend continues, Exofade peaks will ALWAYS get taken out. That why i love this indicator, and its free. It's my gift to y'all :) . Just search for it in trading view indicators.
Trade active
Trade idea is going GREAT !!!..Unfortunately i moved my SL to entry in anticipation of ADP news this morning, and off course a pretty little wick came to hit the stop to the exact tick and shot right up lmaooo..Now i'll have to wait for a 15mins pullback, i'av set alerts to re-enter the uptrend whenever or if ever that happens. Hopefully we get one before hitting TP.Until then, as long as the uptrend remains intact, the ExoFade peak remains the target. Make sure you search for ExoFade and add it to your charts to follow up on the action..ITS FREE !!
You are always 1 trade away from life changing profit.
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.
You are always 1 trade away from life changing profit.
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.