- What is the trend?
• Bullish
- 1H: Is price touching a key fib level (yellow)? (Gold is tricky so look for .382 and .786 levels too)
• Yes
- Does 1H supply/demand align with key fib level?
• Yes
- 1H: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA?
• Yes
○ 1H: Is Volume at or above average (MA) at this time?
• No
- 1H: Is RSI pointing in trend direction or above(bullish)/below(bearish) the 50 line?
• Yes
Plus:
- Is 1H supply/demand aligned with 4H OB/supply/demand area?
• Yes
• No
- 15M: Is/has price touched 1H zone or fib level?
• Yes
- 15M: Is there RSI convergence/divergence?
• Yes
- 15M: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA?
• Yes
○ 15M: Is Volume at or above average (MA) at this time?
• Yes
• Bullish
- 1H: Is price touching a key fib level (yellow)? (Gold is tricky so look for .382 and .786 levels too)
• Yes
- Does 1H supply/demand align with key fib level?
• Yes
- 1H: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA?
• Yes
○ 1H: Is Volume at or above average (MA) at this time?
• No
- 1H: Is RSI pointing in trend direction or above(bullish)/below(bearish) the 50 line?
• Yes
Plus:
- Is 1H supply/demand aligned with 4H OB/supply/demand area?
• Yes
• No
- 15M: Is/has price touched 1H zone or fib level?
• Yes
- 15M: Is there RSI convergence/divergence?
• Yes
- 15M: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA?
• Yes
○ 15M: Is Volume at or above average (MA) at this time?
• Yes
Trade closed: stop reached
Price had hit stop loss originally.Re-entered a little later for a short buy.
Noticed that price is in a consolidation area... waiting for breakout and retest
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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.