GOLD SHORT IDEA
We have had a parabolic squeeze in NY session with 0830 news providing volatility and squeeze higher at New York Open
the 1000 am news could be paired in the afternoon session for shorts in the rally higher.
The imbalance created could be rebalanced in the PM Session, Asia and Potentially London.
The session should include a melt through Asia and London next day. With the minor consolidation on the 5M could be accumulation of short positions.
if uncertain, you can expect the next day to provide more shorting opportunities potentially sweeping today's low which will be tomorrow's array to be attacked.
If I'm stopped out, I could negate the short idea and focus on long opportunities.
the 1000 am news could be paired in the afternoon session for shorts in the rally higher.
The imbalance created could be rebalanced in the PM Session, Asia and Potentially London.
The session should include a melt through Asia and London next day. With the minor consolidation on the 5M could be accumulation of short positions.
if uncertain, you can expect the next day to provide more shorting opportunities potentially sweeping today's low which will be tomorrow's array to be attacked.
If I'm stopped out, I could negate the short idea and focus on long opportunities.
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.
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.