GOLD Trade Plan (11 ~ 15 Nov 2019)
Ichimoku Trends:
Weekly Trend: Bullilsh - clear
Daily Trend : Bearish - clear
H4 : Bearish - clear
H1 : Bearish - clear
Remarks:
W1 and D1 trends contradicting. Bigger TF in sideway. Look for lower TF to trade. Refer to EW possible counting.
Trade Plan:
1- Long at support level near 1459 and take profit at 61.8 (near 1493) of D1 small wave.
2- Wait support breakout and retest before going short.
Setup invalid if :
Hit SL for long entry
Breakout Kumo H4 for short entry.
Target : 1493 for long. Wave 3 for short.
Weekly Trend: Bullilsh - clear
Daily Trend : Bearish - clear
H4 : Bearish - clear
H1 : Bearish - clear
Remarks:
W1 and D1 trends contradicting. Bigger TF in sideway. Look for lower TF to trade. Refer to EW possible counting.
Trade Plan:
1- Long at support level near 1459 and take profit at 61.8 (near 1493) of D1 small wave.
2- Wait support breakout and retest before going short.
Setup invalid if :
Hit SL for long entry
Breakout Kumo H4 for short entry.
Target : 1493 for long. Wave 3 for short.
Note
Trend stil bearish. Set the BE for triggered long and look for short setup.Note
Wrong EW counting.
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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.