Strong buy possibility
Updated
Looking for a strong buy on Gold for the following reasons:
1) On the 4hr, price did not break a major demand/support are ( we will see how price opens Sunday and if it keeps on rejecting support)
2) Price still closed bullish on the daily TF, creating a wick that can potentially be 60% filled
3) On lower TF, higher highs and higher lows are being created.
1) On the 4hr, price did not break a major demand/support are ( we will see how price opens Sunday and if it keeps on rejecting support)
2) Price still closed bullish on the daily TF, creating a wick that can potentially be 60% filled
3) On lower TF, higher highs and higher lows are being created.
Trade closed: stop reached
trade idea did not go as analyzed.Mistake: I did not look at the weekly/monthly time frame. Big wick was filled on weekly TF (Bearish), opposite of what I analyzed.
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