Hi everyone!
Gold is showing bearish momentum on the 4Hr TF, I expect it to retest the daily demand zone before following the bullish trend on the daily and weekly timeframes.
Sell Limit Order:
Sell @ 2718
SL: 2751
TP1: 2685
TP2: 2652
TP3: 2635
RRR: 1:2.5
Always conduct your own analysis before taking trades.
Cheers...
Gold is showing bearish momentum on the 4Hr TF, I expect it to retest the daily demand zone before following the bullish trend on the daily and weekly timeframes.
Sell Limit Order:
Sell @ 2718
SL: 2751
TP1: 2685
TP2: 2652
TP3: 2635
RRR: 1:2.5
Always conduct your own analysis before taking trades.
Cheers...
Order cancelled
The trade continues in our direction without reaching our sell zoneNote
Still, it's a profitable trade with an RRR of 1:2.5, if we had a pending order.
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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.