This is a Trade Idea Based on Pullback Levels and Golden zone of Fib, I'm looking for a buy opportunity around the 2633-2630 range on the 4-hour chart. To enter this trade, confirmation is essential. I'm looking for confirmation on a lower time frame, such as the 30-minute chart. An ideal confirmation would form a 'W' pattern, preferably with a higher low in the second leg.
Trade active
Gold tapped 2633 level and is running for 90 pips now, Can secure some here or close the trade and wait for the 2nd leg, again Like Oil this was the first leg and I expect to have the 2nd one.
Note
Gold ran for 180 pips on the first leg, and it passed the entry level downside due to FOMC, so based on the trade Idea we didn't have entry on the 2nd legOrder cancelled
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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.