Here we have a simple break and retest.
Gold broke above resistance at 1573.
Came back retested as support created a morning star candle on the 1 hour time frame.
Before the opening on London, this was a clean and easy setup.
The confluence of different time frames was also another indication to buy.
You could have secured at least 80 pips before market close.
This was a longtime trend line that I had marked up.
Once this trend line was broken with an evening star followed by a bearish engulfing candle you had a nice retest of the trend line.
This does not always happen this clearly cause people can mark up trend line on how they see fit.
If you were not sure after the bearish engulfing you could have waited for the...
Highlighted we have US30 make is first low near support.
Then when market open we see a pullback being formed.
Check the 30 min time frame we have a morning star formed and take off.
I think its best to let the candle closed first and then enter.
You could have secured an overall of 2200 pips and only risking about 400 pips.
This is just going through market...
