Potential Gold Long
- Block to block trading on the 15min and 30min charts
- Blocks are valued on Volume, Williams R % and the amount of times they have been tapped.
- Always wait for price action to confirm the trade before taking it. 1-5min chart.
- Stops should be other side of the block.
- Move SL to BE as soon as you can
- Trail SL on 1min / 5min - Take what you can, give nothing back.
- TP's are always hypothetical targets.
Had a stunner of a gold long yesterday.
Gold seems very bullish considering the Daily inverted H&S pattern that completed and gold reversing to the upside.
Could sweep the Asia lows here and bounce.
Lots of volume on that 30min block as well as nicely oversold as well wich makes it s good place for institutions to buy off of.
Look for price to react of the level before going long with stop well below the block.
- Blocks are valued on Volume, Williams R % and the amount of times they have been tapped.
- Always wait for price action to confirm the trade before taking it. 1-5min chart.
- Stops should be other side of the block.
- Move SL to BE as soon as you can
- Trail SL on 1min / 5min - Take what you can, give nothing back.
- TP's are always hypothetical targets.
Had a stunner of a gold long yesterday.
Gold seems very bullish considering the Daily inverted H&S pattern that completed and gold reversing to the upside.
Could sweep the Asia lows here and bounce.
Lots of volume on that 30min block as well as nicely oversold as well wich makes it s good place for institutions to buy off of.
Look for price to react of the level before going long with stop well below the block.
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