Idea for gold has a potential reveral at 2048 level possibly
Updated
4H - Gold
the subwave 5 may completed at this stage, because H4 has a impulse + raising wedge, so let's try a short trade here.
M15 - Gold
How we entry this trade,
The price hit the HTF POI, then formed the BPR, so that is our 1st trade here at asian session
At the London open session, we entered at FVG as 2nd trade, then entered the retracement at BB + IFVG as 3rd trade.
If price breaks H4 TF around 1950 level, then it may has a down trend for 1-2 monthes.
the subwave 5 may completed at this stage, because H4 has a impulse + raising wedge, so let's try a short trade here.
M15 - Gold
How we entry this trade,
The price hit the HTF POI, then formed the BPR, so that is our 1st trade here at asian session
At the London open session, we entered at FVG as 2nd trade, then entered the retracement at BB + IFVG as 3rd trade.
If price breaks H4 TF around 1950 level, then it may has a down trend for 1-2 monthes.
Trade closed: target reached
Note
1st target is reach, it someone still hold this position, at take care around 2005 level.Note
2nd target hit, let's observe the price purge the BSL, then expect to hit the OB, then has a pullbackNote
If M15 hit the OB then pullback, the the red mark candle may has a pin bar to formed the false breakout, then we should take a look, where the price pullback tothen consider short position again.
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🟢Funding Investment Management:
t.me/blue_captials
🔴Contact:
t.me/RayShen
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