Gold Spot / U.S. DollarEducation
GOLD Trade Plan (11 ~ 15 Nov 2019)
Updated
Ichimoku Trends:
Weekly Trend: Bullilsh - clear
Daily Trend : Bearish - clear
H4 : Bearish - clear
H1 : Bearish - clear
Remarks:
W1 and D1 trends contradicting. Bigger TF in sideway. Look for lower TF to trade. Refer to EW possible counting.
Trade Plan:
1- Long at support level near 1459 and take profit at 61.8 (near 1493) of D1 small wave.
2- Wait support breakout and retest before going short.
Setup invalid if :
Hit SL for long entry
Breakout Kumo H4 for short entry.
Target : 1493 for long. Wave 3 for short.
Weekly Trend: Bullilsh - clear
Daily Trend : Bearish - clear
H4 : Bearish - clear
H1 : Bearish - clear
Remarks:
W1 and D1 trends contradicting. Bigger TF in sideway. Look for lower TF to trade. Refer to EW possible counting.
Trade Plan:
1- Long at support level near 1459 and take profit at 61.8 (near 1493) of D1 small wave.
2- Wait support breakout and retest before going short.
Setup invalid if :
Hit SL for long entry
Breakout Kumo H4 for short entry.
Target : 1493 for long. Wave 3 for short.
Note
Trend stil bearish. Set the BE for triggered long and look for short setup.Note
Wrong EW counting.
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