Wait for 4hr break & close below support - Entry taken on the 1hr (price action confirmation, after a re-test)
Waiting for daily close, we will then look for a re-test of New support, price action entry (engulfing candle, or significant pinbar)
Nice price action on this pair, after testing Monthly support, we can expect a lot of buy orders will have been triggered, due to this price broke cleanly above weekly resistance, now looking to be holding firmly after last weeks low test, with another close above, confirming support. I will be waiting for a daily close, then looking for an entry on the daily...
waiting for 4hr Support breakout & close, then enter on the 1hr (price action confirmation at new 4hr resistance)
Wait for daily closure.
Wait for significant daily close above resistance, enter long on 4hr retracement, with price action confirmation
Price has now breach daily Support, we will look for a retracement entry on completion of this daily candle close. Scaling into the 4/1hr We can get a tighter entry for a clean 2:1/3:1 RR targeting Weekly Support
Sell limit order @ 1.33000 pending 4hr closure
Waiting for a trend line breakout, followed be a retracement entry at 4hr Support, enter on the 1h4 (price action confirmation)
Wait for Price action confirmation at 4hr Support on the 1hr timeframe. Targeting weekly resistance
Seeing lots of posts via social media showing gold is (Ready for entry short) Absolutely not.
Interesting price action here, currently forming a double top on the 4hr after price has failed to breach daily resistance. Im currently waiting for a 4hr Breach & Close below Support. then scaling in to the 1hr for price action confirmation at resistance. On the HTF we can also see potential for a wick fill?
-Long- We must see a significant weekly breach & close above resistance. Then we will look for entry on the daily timeframe(Price action confirmation) Targets at daily/weekly resistance levels -Short- We must see a daily breach, and close below daily support. Then we will look for entry on the 4hr timeframe (Price action confirmation) Targeting weekly...
Perspective has changed on this pair over the last day or so. possible long?