060624 - Psychology Class w/Joshua
Gold case study, why short?
Big picture:
- Monthly waiting pullback since Feb
- Weekly MA10 potentially become resistance ; 2351
- EMA21 - 2243 (deep thinking), time vs pricing > 225x-226x vs CMP (1000p)
- Overall outlook = Healthy pullback
Trade setup reason:
Entry 2370-2380 (can layer 1-2 trades)
SL above 50% fibs 2388-2390 area
RR 1:5
Fibs 38.2%
Targets 2303 and 227x area
H4 trending down > sideway > manipulation > continuation down
current market sweep liqduity above, pending down. Expect movement on Friday.
Big picture:
- Monthly waiting pullback since Feb
- Weekly MA10 potentially become resistance ; 2351
- EMA21 - 2243 (deep thinking), time vs pricing > 225x-226x vs CMP (1000p)
- Overall outlook = Healthy pullback
Trade setup reason:
Entry 2370-2380 (can layer 1-2 trades)
SL above 50% fibs 2388-2390 area
RR 1:5
Fibs 38.2%
Targets 2303 and 227x area
H4 trending down > sideway > manipulation > continuation down
current market sweep liqduity above, pending down. Expect movement on Friday.
Trade active
SELL LIMIT HITTrade closed manually
2303 TP1 hit - first target hit + liq.gap filled.Next downside 227x area, trader may secure 80% and left 20% run lower
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.
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.