Cooling war tensions seem to be cooling the Gold bullish rally as well.
But we're still in the same range since April 15th and will likely stay in the range until further notice *or the next tweet*
The Sell entry is great now cos we're near the top of the high volume node, so even if we consolidate around that POC [point of control] this sell entry will still be putting us closest to the top of the node.
Hold your sell and TP at the VAL[value area low] . We have a very deep low volume area there and its being a point of support since April. So we can place bets with small risk on hoping it holds cos if it doesn't, it wont be pretty. That is still the best place to buy regardless. So manage your risk accordingly
TP 1 for the Buy trade is at the POC , which also happens to be the top of the huge volume node. Totally make sense to take a decent chunk of profit of your position there, then move you stop loss into profit and grab some pop corn. Depending on the news , the best case scenario of for the uptrend is to continue all the way up to TP2 which is at the VAH [Value area high]
Secure the bag :)
Enjoy
But we're still in the same range since April 15th and will likely stay in the range until further notice *or the next tweet*
The Sell entry is great now cos we're near the top of the high volume node, so even if we consolidate around that POC [point of control] this sell entry will still be putting us closest to the top of the node.
Hold your sell and TP at the VAL[value area low] . We have a very deep low volume area there and its being a point of support since April. So we can place bets with small risk on hoping it holds cos if it doesn't, it wont be pretty. That is still the best place to buy regardless. So manage your risk accordingly
TP 1 for the Buy trade is at the POC , which also happens to be the top of the huge volume node. Totally make sense to take a decent chunk of profit of your position there, then move you stop loss into profit and grab some pop corn. Depending on the news , the best case scenario of for the uptrend is to continue all the way up to TP2 which is at the VAH [Value area high]
Secure the bag :)
Enjoy
Trade active
It took a few days due to the level of uncertainty news. But we're finally seeing a strong move down. Target remains the same. But i find it suspicious on a Friday night. I wont be surprised if London session reverses the move then New york session either continues the dump towards the target or they hold it up into weekend and resume the dump with a new weekly candle. If you took this trade, close a good amount of your profit and let the rest run risk free.Trade closed: target reached
Target it with beautify accuracy
You are always 1 trade away from life changing profit.
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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.
You are always 1 trade away from life changing profit.
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.