Great trading last week. Gold really pushing deep into blues.
This week takes a downturn with possibilities highlighted on the chart; all pointing towards LOS (Level of significance). This level is calculated based on previous week high-low values.
Trade parameters:
1. SL: 50-100pips
2. TP: 3-4x SL
3. double tops/bottom (around LOS) are direction changers.
As always price action determines trades
This week takes a downturn with possibilities highlighted on the chart; all pointing towards LOS (Level of significance). This level is calculated based on previous week high-low values.
Trade parameters:
1. SL: 50-100pips
2. TP: 3-4x SL
3. double tops/bottom (around LOS) are direction changers.
As always price action determines trades
Trade active
Entry @5805 currently pinching +300pipsNote
Entry 3805 closed for +200pipsWill be looking for a continuation down from 3348.54
Note
Expected price to reach 3348.54 but we got a bounce from LOS to +50pips for a downward move.Next target as indicated
Note
Closed entry 2713 for +200pips2 trades: +200/+200: 400Pips
Will be looking for 1 more trade for the week after FOMC news
Note
Last trade for the weekSell entry @5220
stoploss: -50pips
DTP: 27880
Trade closed: stop reached
Trading concluded for the week3 trades: +200/+200/-50: 350pp
See y'all next week
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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.