THE KOG REPORT - Update
End of day update from us here at KOG:
Yesterday we gave the potential move together with the Red Boxes and in Camelot the order regions. We had that higher target of 2929 which was achieved and the plan was to short from the higher level and order region. The move up during the Asia session gave us the perfect opportunity to target the long trade into Excalibur, then short from our algo level down into the bounce.
We're now playing this range awaiting the daily close with CPi pending tomorrow! For that reason, we would suggest trades look at the levels of 2920 resistance and 2890 support for potential play until CPI. We need to break above 2920 to then attempt to clear 2938 into the level of 2950 before another attempt to short, or, we need to break 2890 and clear 2875 into 2855 to attempt the swing long. We're conveniently in the middle pre-event!
Look at how well the Red Boxes are playing along with the price again!
KOG’s Bias of the day:
Bearish below 2930 with targets below 2900✅ and below that 2893✅
Bullish on break of 2930 with targets above 2934, 2945 and above that 2947
RED BOXES:
Break above 2917 for 2922, 2930 and 2935 in extension of the move
Break below 2903 for 2899✅ and 2890✅ and 2882✅ in extension of the move
As always, trade safe.
KOG
Yesterday we gave the potential move together with the Red Boxes and in Camelot the order regions. We had that higher target of 2929 which was achieved and the plan was to short from the higher level and order region. The move up during the Asia session gave us the perfect opportunity to target the long trade into Excalibur, then short from our algo level down into the bounce.
We're now playing this range awaiting the daily close with CPi pending tomorrow! For that reason, we would suggest trades look at the levels of 2920 resistance and 2890 support for potential play until CPI. We need to break above 2920 to then attempt to clear 2938 into the level of 2950 before another attempt to short, or, we need to break 2890 and clear 2875 into 2855 to attempt the swing long. We're conveniently in the middle pre-event!
Look at how well the Red Boxes are playing along with the price again!
KOG’s Bias of the day:
Bearish below 2930 with targets below 2900✅ and below that 2893✅
Bullish on break of 2930 with targets above 2934, 2945 and above that 2947
RED BOXES:
Break above 2917 for 2922, 2930 and 2935 in extension of the move
Break below 2903 for 2899✅ and 2890✅ and 2882✅ in extension of the move
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Related publications
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.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Related publications
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.