GOLD LONG h4
Updated
Market Structure: Uptrend w/ correction of price after Inflation news
Area of Value: Bounce on trendline/support
Entry: bullish candle after bounce
Exit if Right: Tranches in TF. Wary on possible reversal in EMA200
Exit if Wrong: Break of Market Structure
RRR: 1:2
Confluence: Weak USD due to inflation news. Plus, Gold will likely follow it's trend prior the news
Area of Value: Bounce on trendline/support
Entry: bullish candle after bounce
Exit if Right: Tranches in TF. Wary on possible reversal in EMA200
Exit if Wrong: Break of Market Structure
RRR: 1:2
Confluence: Weak USD due to inflation news. Plus, Gold will likely follow it's trend prior the news
Trade closed: stop reached
This was a LOSS
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