Long
GOLD LONG h4
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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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.