Gold bearish setup on 1H(look for break to trigger setup)
Updated
As my previous published idea, gold has directly hit the daily supply zone. But we need to see the reverse pattern on 60 minutes.
Just patiently wait, if the violation happens, short setup will be trigger.
Just patiently wait, if the violation happens, short setup will be trigger.
Note
It fell into my scenario 1.Note
Triggered
Note
I reviewed the chart, momentum is still strong. the upper zone short setup reduces the risk. This is a quick range short setup.
Note
I'm a bit conservative. Entry should be lower to get the order filled. But it's something we as a trader have to face everyday.
Trade active
Order got hitTrade closed: target reached
target got hit the next hour. It's a quick trade.Note
This is the follow up image.
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