https://www.tradingview.com/x/kynwPGBW/
Okay here's my trade i took with gold earlier. My target was a 1:3R and my idea came from combination of my multi timeframe analysis. From Daily i go down to 1H tf for more info then go down to 5m tf for my final entry. For this week i can see Gold retrace going towards the Daily BISI below and since today is Monday, i am expecting price to go up first and liquidate before it will reverse going down. So once i saw that in 5m tf that price went towards the 200 EMA i monitored price and saw that price was rejected and respected the 200ema in 5m tf which is also aligned to the 1H tf level of change in state of delivery. So to make it clear, price respected 200ema at the same time respected and was rejected by the 1H order block so with this combination of ideas i came up with my final decision to enter a LONG entry. It was a fast and smooth trade...
Okay here's my trade i took with gold earlier. My target was a 1:3R and my idea came from combination of my multi timeframe analysis. From Daily i go down to 1H tf for more info then go down to 5m tf for my final entry. For this week i can see Gold retrace going towards the Daily BISI below and since today is Monday, i am expecting price to go up first and liquidate before it will reverse going down. So once i saw that in 5m tf that price went towards the 200 EMA i monitored price and saw that price was rejected and respected the 200ema in 5m tf which is also aligned to the 1H tf level of change in state of delivery. So to make it clear, price respected 200ema at the same time respected and was rejected by the 1H order block so with this combination of ideas i came up with my final decision to enter a LONG entry. It was a fast and smooth trade...
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.