Weekly:: Price was reacting from the weekly key level of rejection block(wick)
Set Up: Bullish Crab Pattern on H1, the d-leg PRZ aligns with the weekly key level of rejection block. so bc projection of the d leg of 1.618 was fully tested and confirmed.
ENTRY: Entry was on H1 support after M15 CHOCH. Supply to Deman Flip entry model can also work here. sniper entry at H1 support.
H1 support entry, (sniper)
TP1 AT 0.382 WAS ACHIEVED ( Trade mgt, moved sl to breakeven)
TP2 AND TP3 WAS HIT AT 0.618 AD 0.786 Respectively.
that was how we made 1:7.4 R:R on Gold.
Hope you got value from this analysis. chat soon guys and drop your comments below.
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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.