Hello traders. and Happy Tuesday. Looking at the 4 hour, I see where gold could reject. I am seeing how we are now on week 4 of a straight bearish candle trend. I am looking for a pullback and a push up from marked area on the chart. This is just speculation right now. Confirmation on lower time frames is essential, as i scalp, and work on price action. So even if we are bearish, with proper volume and a good entry, I can scalp some pips on retracement or rejection. Let's see what happens when volume comes in. I am posting to show that there is money to be made in both short and longs. I just try to catch 20 pips or so, close a good portion of the trade, move the SL to break even and leave a runner running. All praise to Big G, my mentor. Trade the trend and thank you.
Pip Whisperer
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Pip Whisperer
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.