The GC one hour time frame is in an up channel. the market hit the top of the channel and pushed bearish. I am waiting for the market to form a low either at the bottom of the channel or above the channel.
Entry: Counter trend line break bullish either at the bottom of the channel or above the channel.
STOP: In the sell zone.
LIMIT: If entry is at the bottom of the channel, the limit will be just under the top of the channel. If entry is above the channel. The limit will be 1810.1
As long as the market stays above the bottom of the channel. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities.
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