Long
GOLD LONG H4
Market Structure: Ranging Market
Area of Value: Valid Support level. Divergence on RSI
Entry: Weakness in the bearish trend
Exit if Right: 2 tranches of Targets
Exit if Wrong: 1 ATR below recent swing low
RRR: 1:2
I entered the market early. You can wait for a bullish candle, but a doji is enough for me to enter the market.
Looking to trend follow after reaching TP2
Area of Value: Valid Support level. Divergence on RSI
Entry: Weakness in the bearish trend
Exit if Right: 2 tranches of Targets
Exit if Wrong: 1 ATR below recent swing low
RRR: 1:2
I entered the market early. You can wait for a bullish candle, but a doji is enough for me to enter the market.
Looking to trend follow after reaching TP2
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.