Silver and Gold in the Diamond Formation on 4hour chart
1. It is an unusual formation to have.
How to trade it? Well, it is always 50/50 situation.
You basically trade in the direction of the breakout.
2. It is not common to publish an idea for 2 different Commodities however they share the same pattern. That's why I decided to share both of them as the same idea.
Keep in mind they might go in opposite directions though.
Keep tracking it and step in the moment of breakout. That's my strategy on this one.
The General trend for both of them is Bullish but it might break otherwise.
When you open the position for the diamond you set stop-loss above the apex opposite to trade direction.
Remember to drop a like if you find this idea interesting.
Disclaimer
Remember to always Do Your Own Research.
I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such.
You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
How to trade it? Well, it is always 50/50 situation.
You basically trade in the direction of the breakout.
2. It is not common to publish an idea for 2 different Commodities however they share the same pattern. That's why I decided to share both of them as the same idea.
Keep in mind they might go in opposite directions though.
Keep tracking it and step in the moment of breakout. That's my strategy on this one.
The General trend for both of them is Bullish but it might break otherwise.
When you open the position for the diamond you set stop-loss above the apex opposite to trade direction.
Remember to drop a like if you find this idea interesting.
Disclaimer
Remember to always Do Your Own Research.
I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such.
You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
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.