Hello World and today i've got a new signal indicator that i'm trying hoping it works and delivers the expected, so yestarday's analysis was 75% delivered we expected Gold to hit 1946 and possibly extend further to 1956 but sadly we didn't see any of the targets hit but we did reach 1943 which was reasonable enough for those who entered the trade early, for those who managed to secure some blues yestarday Congrats! for those who didn't today maybe your day.
Today's analysis gives us a bit of selling power , we have identified our first entry and we are in already, but for you i'd prefer you give it time for our strategy to work out perfectly, using our box strategy we can see that we have no break through as of now and we still hanging at the middle bollinger band which tells us not to enter on the trade, possibly when whatever candle is formed on the lower bollinger band will prove to us wether the fall continues or not, plus keeping in mind our entry will be at 1919, the entry is not yet confirmed and we also haven't confirmed wether we having a complete waterfall(Downtrend) or maybe a long retest, or could be a minor bounce.
Anyways for me who in this trade already i calculated a fall to 1911 from 1935, for you you might give it time wait for them signals to be confirmed and then enter the market clean with zero risks.
Today's analysis gives us a bit of selling power , we have identified our first entry and we are in already, but for you i'd prefer you give it time for our strategy to work out perfectly, using our box strategy we can see that we have no break through as of now and we still hanging at the middle bollinger band which tells us not to enter on the trade, possibly when whatever candle is formed on the lower bollinger band will prove to us wether the fall continues or not, plus keeping in mind our entry will be at 1919, the entry is not yet confirmed and we also haven't confirmed wether we having a complete waterfall(Downtrend) or maybe a long retest, or could be a minor bounce.
Anyways for me who in this trade already i calculated a fall to 1911 from 1935, for you you might give it time wait for them signals to be confirmed and then enter the market clean with zero risks.
Trade active
We are good till now, all going per the plan ,still an entry at 1919 has not yet been established, for me who got in earlier on the same trade so far so good i have $740 already, there is too much resistance but i'm hanging on, but with caution!!! i am on1hour time frame which gives me at least 5 trading hours from the time i had my entry, so far i'm done with 5hours and since i'm on profits the position remains open until further notice.
Trade closed: target reached
As i had indicated earlier my entry at 1935 ended up at 1919, then there was a shoot out back up, i achieved my first target but the second take profit of 1911 was not achieved, which is okay, for those who identified the buy entry at 1919 good work for those who didn't the market has and always will be ours, see you later on the today's analysis.
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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.