*retest of structure (I am aware of structure below, don't swing you don't win)
*Falling channel
*Bullish divergence on 60 + 240
*Number of line closes on the line chart at 240TF
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I'd like to break out of the channel pretty quickly to indicate a bullish move soon and then look to scale in. We may range a little more here though
RR is 1:3.12
Loss $556
Potential Gain $1286 (if profits aren't banked along the way)
*Falling channel
*Bullish divergence on 60 + 240
*Number of line closes on the line chart at 240TF
--------
I'd like to break out of the channel pretty quickly to indicate a bullish move soon and then look to scale in. We may range a little more here though
RR is 1:3.12
Loss $556
Potential Gain $1286 (if profits aren't banked along the way)
Trade closed: stop reached
very short lived, big push lower on gold. is what it isNote
Next level as described was hit and bounced right off that level
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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.