We can test the resistance.
This analysis is mostly for those who hold Gold on a gram Turkish Lira basis.
On weekly chart (1W) , Long signal observed :
It may be less risky in the following parameters.
But my conviction is that the declines should be average lowered.
Even if I don't think of sales, let's give the parameters to put the analysis on a suitable ground:
Above these levels means a brand new channel opening.
And the channel goes up to 360 levels.
Let's see our first goal, we do our second analysis within the permanence.
But as I mentioned before, I prefer to lower the average instead of the Stop-Loss.
Regards.
This analysis is mostly for those who hold Gold on a gram Turkish Lira basis.
On weekly chart (1W) , Long signal observed :
It may be less risky in the following parameters.
But my conviction is that the declines should be average lowered.
Even if I don't think of sales, let's give the parameters to put the analysis on a suitable ground:
- Risk/Reward Ratio : 1/2
- Position Size : %25 of Portfolio
- Stop-Loss : Normally the average should be lowered : 300.407
- Goal : 305.897
Above these levels means a brand new channel opening.
And the channel goes up to 360 levels.
Let's see our first goal, we do our second analysis within the permanence.
But as I mentioned before, I prefer to lower the average instead of the Stop-Loss.
Regards.
Note
As i told before , im looking for buy oppurtunity , not will try stop , i ll share this plans' long projection version with Distributional Levels , regards.Trade closed: stop reached
Note
We touched the Resistance!In case of overcoming resistance and permanence, new analysis will be shared.
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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.