hi guys, our buddy Gold been moving quite choppy & consolidating for a week, now its approaching the cross road.
my reference would be long/short on breakout.
for immediate action, Long has a good R:R ratio as its testing channel support, but if then price breaks and enter its main bearish channel, then after retest on small time frame, please jump to the bear train.
for long entry position, wait until the price test the support channel, then find an entry opportunity on smaller time frame.
for Short, u know what to do =)
have a good day and i wish u all green pips
my reference would be long/short on breakout.
for immediate action, Long has a good R:R ratio as its testing channel support, but if then price breaks and enter its main bearish channel, then after retest on small time frame, please jump to the bear train.
for long entry position, wait until the price test the support channel, then find an entry opportunity on smaller time frame.
for Short, u know what to do =)
have a good day and i wish u all green pips
Alex
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Alex
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.