Backtesting for 8 Dec (Thu): Gold
Technical Analysis:
NO 1: BUY (56 PIPS)
Price respected H1 Strong Support + M15 Support level (1781.97 - 1781.30) and went up for 56 pips. It did not break any M15/H1 resistances, trend is bearish.
Time: 03:00H (US Sesh)
NO 2: SELL (53 PIPS)
Price failed to break any M15/H1 Resistance and took a reverse at H1 Strong Resistance + M15 QMS (1787.67 - 1786.99) and went short for 53 pips. Price has break the previous support H1 at 1783.53
Time: 07:00 (Sydney Sesh)
NO 3: BUY (130 PIPS)
Price respected the same level as first setup, H1 Strong Support + M15 Support Shadow (1781.97 - 1781.30), it went up 130 pips and breaks the H1 previous Resistance at 1792.43. The trend has changed to uptrend.
Time: 09:30H
NO 4: SELL (81 PIPS)
Price reverse at the M15 QMS level (1796.30 - 1793.79) and went short for 81 pips. It did not break any H1 Support, so trend remains bullish.
Time: 15:00 (London sesh)
NO 5: BUY (35 PIPS) running till the following day
Price respected the H4 RBS + H1 QMB + M15 QMB (1787.52 - 1785.97) and went up for 35 pips and running till the next day.
Time: 18:00H (London Sesh)
There is no high impact catalyist USD for the day. With using solely technical analysis, collected total pips for 8 Dec is 355 pips.
NO 1: BUY (56 PIPS)
Price respected H1 Strong Support + M15 Support level (1781.97 - 1781.30) and went up for 56 pips. It did not break any M15/H1 resistances, trend is bearish.
Time: 03:00H (US Sesh)
NO 2: SELL (53 PIPS)
Price failed to break any M15/H1 Resistance and took a reverse at H1 Strong Resistance + M15 QMS (1787.67 - 1786.99) and went short for 53 pips. Price has break the previous support H1 at 1783.53
Time: 07:00 (Sydney Sesh)
NO 3: BUY (130 PIPS)
Price respected the same level as first setup, H1 Strong Support + M15 Support Shadow (1781.97 - 1781.30), it went up 130 pips and breaks the H1 previous Resistance at 1792.43. The trend has changed to uptrend.
Time: 09:30H
NO 4: SELL (81 PIPS)
Price reverse at the M15 QMS level (1796.30 - 1793.79) and went short for 81 pips. It did not break any H1 Support, so trend remains bullish.
Time: 15:00 (London sesh)
NO 5: BUY (35 PIPS) running till the following day
Price respected the H4 RBS + H1 QMB + M15 QMB (1787.52 - 1785.97) and went up for 35 pips and running till the next day.
Time: 18:00H (London Sesh)
There is no high impact catalyist USD for the day. With using solely technical analysis, collected total pips for 8 Dec is 355 pips.
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.