THE KOG REPORT - Update
Updated
End of day update from us here at KOG:
We wanted price to attempt the 2710 region on open where we wanted to long into the 2720-25 region. We did get the stretch, and then the move up which is where we said we would monitor the level for the break. We wanted the break, didn't get it, Red boxes were saying no, it's a short from that level, and the move down that we wanted from higher up presented itself.
All through the early hours, some got it, most didn't.
We then managed to get in on the long from that 2660-65 region netting over 100pips on the move before protecting and BE the trade, which shortly did in fact close at BE after taking what we wanted.
Now, we've done the move we actually wanted all in one day and we stand at the support level of 2620 which needs to hold us up in order to get an Asian session move up towards the 2645 region initially which is where we want to wait and see what kind of reaction we get. We did mention to expect the quick turnaround that can correct the whole move, we just wanted higher and didn't expect it this soon. So a close here flips us into resistance, which if we hold will take us lower into the 2610 and below that 2595 region.
As always, trade safe.
KOG
We wanted price to attempt the 2710 region on open where we wanted to long into the 2720-25 region. We did get the stretch, and then the move up which is where we said we would monitor the level for the break. We wanted the break, didn't get it, Red boxes were saying no, it's a short from that level, and the move down that we wanted from higher up presented itself.
All through the early hours, some got it, most didn't.
We then managed to get in on the long from that 2660-65 region netting over 100pips on the move before protecting and BE the trade, which shortly did in fact close at BE after taking what we wanted.
Now, we've done the move we actually wanted all in one day and we stand at the support level of 2620 which needs to hold us up in order to get an Asian session move up towards the 2645 region initially which is where we want to wait and see what kind of reaction we get. We did mention to expect the quick turnaround that can correct the whole move, we just wanted higher and didn't expect it this soon. So a close here flips us into resistance, which if we hold will take us lower into the 2610 and below that 2595 region.
As always, trade safe.
KOG
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🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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