Gold: Buckle up - Violence, Speed and Momentum is coming in!
Updated
If you showed patience so far, you didnt take the fake out short that didnt reach its TP just shy. (Daytrade was an option to be fair).
Why the fake out happened you ask? To take liquidity and shake out longs.
Whats next: We prepare for a second fake out, but above the blue box area. On a strong reversal whick with candles coming back into the blue box, we take a short with a Risk:Reward of 1:4 for the first TP.
We monitor the situation on H4. Stay tuned.
Why the fake out happened you ask? To take liquidity and shake out longs.
Whats next: We prepare for a second fake out, but above the blue box area. On a strong reversal whick with candles coming back into the blue box, we take a short with a Risk:Reward of 1:4 for the first TP.
We monitor the situation on H4. Stay tuned.
Note
...still waiting on the sideline. Let´s better take a clear, strong signal rather than some signal. A trader should never regret a trade.Note
Anybody who thinks about a GOLD trade right: There is a possible LONG up to the blue zone. The last role reversal support just got retested, rejected and thereby confirmed. SL just below the candle,TP is blue blox. easy R:R 1:3 or even 1:4.
Stay safe guys.
Note
Well thank you Gold. We had a nice time. SL Taken.Note
The FOMC meeting hit us. Positive forecast for economy weakened Gold...for now.
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