As we see AB = CD formation on graph, I wait D level to go short again...
I dont think it will move alot today. So my plan is ABCD pattern in the buffer zone. If price stay in the zone I will short. Wait and see ! my entry is not even 1 : 1 risk reward so it is not a good trade.
Gold break triangle formation shortly to go long :) ...
for little short term ABCD pattern buy... Good risk reward 1:2
AB=CD long will arrive in few hours may be less. But we have big announcement today so be careful
for the next week trades this channel is will declaire the color of bars...
I planned to enter short GOLD from the D point of AB=CD pattern. This is 4H chart so this is weekly swing trade . if you dont have time to sit in front of the screen it should be a good approach to have strategy works on 4H chart.
1 is the first area if it breaks down it will drop till rectangle 1 2 is the second area if bitcoin rise again it can turn around this point and it will drop to area rectangle 2