FIRST GREEN WEEK TEMPLATE ON GOLD
https://www.tradingview.com/x/X18Ab6x9/
Gold closed as a first green week. that means i would be looking for the buy low opporunity, it should be a trending week, front side move back side move, or it could be one buildup for later in the week on a thurs/friday.
Major red news across the board, so make sure you save your bullets, if the 1st hour is too fast look for a 3rd hour trade after the news release.
i will try and update if theres any signals left in the market further like a first green day, day 0 template etc.
reason i believe we might pullback in the beginning of the week is because we closed below previous fridays closing price. so i believe that was a signal to go low, maybe trap traders long early, sunday, monday, then drive to where i have support drawn below.
these are just some scenarios im looking for on the week,
risk comes from not knowing what you are doing !
Stay Sturdy traders!
Gold closed as a first green week. that means i would be looking for the buy low opporunity, it should be a trending week, front side move back side move, or it could be one buildup for later in the week on a thurs/friday.
Major red news across the board, so make sure you save your bullets, if the 1st hour is too fast look for a 3rd hour trade after the news release.
i will try and update if theres any signals left in the market further like a first green day, day 0 template etc.
reason i believe we might pullback in the beginning of the week is because we closed below previous fridays closing price. so i believe that was a signal to go low, maybe trap traders long early, sunday, monday, then drive to where i have support drawn below.
these are just some scenarios im looking for on the week,
risk comes from not knowing what you are doing !
Stay Sturdy traders!
Note
its important to note, friday was a first red day, so look for sell high opportunity monday 2350 on the chart above is where id be looking for the sell high aroundTrade closed: target reached
Ferg
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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.