Like everybody knows Gold has been on the fall lately, responding to dollar strengh
A bearish flag is forming on the lower timeframes, we can spot it with the H2 candlesticks, and it's very well detailled on M15-M30.
I've put two alerts, one on the green trendline, another on the red,
If price breaks higher, then I'll look for entries around the 1900 level after the retracement is done, a bearish pin bar, a bearish engulfing, or an inside bar in the zone
If price breaks lower, then i'll look for a break that involves a M15-M30 closed candle on the other side of the red trendine, and place the stop loss above the structure
Cheers and trade safe!!!
A bearish flag is forming on the lower timeframes, we can spot it with the H2 candlesticks, and it's very well detailled on M15-M30.
I've put two alerts, one on the green trendline, another on the red,
If price breaks higher, then I'll look for entries around the 1900 level after the retracement is done, a bearish pin bar, a bearish engulfing, or an inside bar in the zone
If price breaks lower, then i'll look for a break that involves a M15-M30 closed candle on the other side of the red trendine, and place the stop loss above the structure
Cheers and trade safe!!!
Trade active
15min closed under the flag, belts on!!!Trade closed: target reached
Right at the spot, nice!
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.