Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
trading plan for gold: rising wedge + structure
Gold Spot / U.S. Dollar
Short
trading plan for gold: rising wedge + structure
By VasilyTrader
Follow
Follow
Updated
Mar 20, 2019
2
0
Cheer
Cheer
3
3
Mar 19, 2019
hey traders,
on gold we see how the market is coiling in a rising wedge pattern,
with each bullish leg shorter than the previous.
wedge pattern is a perfect indication of a weakening momentum,
it is typically broken around significant support or resistance area.
our plan for today:
let the market continue its movement in a wedge pattern,
and wait for a bearish breakout as it enters a resistance zone.
targets will be based on structure.
good luck!
Mar 19, 2019
Comment
the market following the wedge borders!
Mar 19, 2019
Comment
the market in the zone
we see a rejection !
Mar 20, 2019
Comment
Bearish violation
Mar 20, 2019
Trade active
Mar 20, 2019
Comment
Hit target 1
Supply and Demand
Support and Resistance
Wedge
VasilyTrader
Follow
Follow
✅Join My Telegram Channel:
t.me/VasilyTrading
❗️YouTube Channel
youtube.com/c/VasilyTrader
💰Instagram:
instagram.com/VasilyTrader/
💰
✅Facebook:
facebook.com/VasilyTrading/
✅
Related publications
head and shoulders pattern on overbought market
by VasilyTrader
Published
potential harmonic bearish abcd pattern + structure
by VasilyTrader
Published
trading plan for euro yen
by VasilyTrader
Published
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
.