Option 1 - Price must break 31750 on 30min and close above. Go down to 15min to wait for retest, it is important that 15min candle only retest with wick and still close above 31750, confirm that price rejects this area.
Enter once 15min candle has closed.
Use proper risk management, drawdown can be expected!!!
TP - 32000
Option 2 - Price must break 31250 on...
If price breaks and closes below 1783.750 on the 30 min time frame, go down to the 5 min timeframe.
5 Min timeframe price must retest and close below 1783.750 to show us that price is rejecting this area, do not enter when price closes above 1783.750.
Only enter once 5 min candle has closed.
Place SL 20 pips above your entry.
Gold is struggling to break above 1795.000.
You will see two candlesticks that I drew on that line.
A & B: 30-MIN Timeframe, we want price to break and close above 1795.000 with a strong bullish candle.
C: Go down to the 5-Min Timeframe, this is where we will look for entry.
D: We want the 5min candlestick to close and look similar to the one I drew, The...
