** THIS IS A COUNTER TREND TRADE, Don't go big position yet, wait for momentum! Have your target clear and SL tight! **
Following up yesterday comment's. Today Gold closed daily candle which is a hammer. It is classic signal to short from the high.
If this Bullish momentum is genuine, we can reload our Long at 50% or 61.8% at 1208 and 1201 respectively.
Meanwhile I am going short with close above 1235.
Following up yesterday comment's. Today Gold closed daily candle which is a hammer. It is classic signal to short from the high.
If this Bullish momentum is genuine, we can reload our Long at 50% or 61.8% at 1208 and 1201 respectively.
Meanwhile I am going short with close above 1235.
Trade active
Shifting my SL to 1237. 1235 is too closed to the action.Trade closed: stop reached
It's unfourtunate. Now it depends on 1D candle close today. If it close below the hammer, I am considering entering short again.
Related publications
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.
Related publications
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.