GOLD on the 1H time-frame.
Steps:
1. OPEN BUY order position at the Double Bottom which is the reversal pattern.
2. The price hit TP1 and TP2 at the strong resistance zone.
3. If the price can not breakout the strong resistance zone then will open SELL ORDER position here.
4. This is a super hedging strategy and if the price breakout the strong resistance zone then will be closed SELL ORDER position and still holding BUY ORDER position.
Steps:
1. OPEN BUY order position at the Double Bottom which is the reversal pattern.
2. The price hit TP1 and TP2 at the strong resistance zone.
3. If the price can not breakout the strong resistance zone then will open SELL ORDER position here.
4. This is a super hedging strategy and if the price breakout the strong resistance zone then will be closed SELL ORDER position and still holding BUY ORDER position.
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.
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.