GOLD IS LOSING STEAMMM - Potential pullback incoming! Watch out!
Thick pink line - High set in August of 2013
Weekly range - Refer to price oscillating within the range with no clear close above or below the range
Last week range - Create another range using last week high and low
Thick blue line - 3rd Quarter Open (July's Open)
Liquidity pool - Refer to areas of interest, as i believe most people put their stops behind these key swing points
H4 cluster resistance area - A H4 close above this area will deem my trade setup invalid.
Take profit 1 - Pink line ( A liquidity pool )
Take profit 2 - Q3 Open
Close position - Bottom of weekly range
Weekly range - Refer to price oscillating within the range with no clear close above or below the range
Last week range - Create another range using last week high and low
Thick blue line - 3rd Quarter Open (July's Open)
Liquidity pool - Refer to areas of interest, as i believe most people put their stops behind these key swing points
H4 cluster resistance area - A H4 close above this area will deem my trade setup invalid.
Take profit 1 - Pink line ( A liquidity pool )
Take profit 2 - Q3 Open
Close position - Bottom of weekly range
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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.