GOLD H4: H4 demand buying opportunity
Updated
TOP-DOWN ANALYSIS
MONTHLY: we are currently inside of a monthly demand and expecting a bounce from this zone
DAILY: the price is far away of a daily supply now, and it may want to test it
H4: it has just created a new H4 demand zone. Test of the zone should be a good buying opportunity
TP1: just before the H4 candle wick
TP2: trail the stop till just before the daily supply zone above
twitter.com/TradewithCan?lang
tradewithcan.blogspot.com.tr/2016/05/weekly-bulletin-21-wekk.html
MONTHLY: we are currently inside of a monthly demand and expecting a bounce from this zone
DAILY: the price is far away of a daily supply now, and it may want to test it
H4: it has just created a new H4 demand zone. Test of the zone should be a good buying opportunity
TP1: just before the H4 candle wick
TP2: trail the stop till just before the daily supply zone above
twitter.com/TradewithCan?lang
tradewithcan.blogspot.com.tr/2016/05/weekly-bulletin-21-wekk.html
Note
Half of the total position closed when TP1 hit with a profit and the other half got stoped outit was a breakeven trade overall.
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