Gold has played exactly where it should have done. I expect the next move to run another quick false move up before dropping down, Ideally center of the Regression channel. Will be looking for key levels around there.
DXY strength due for a pullback. (Near term moves)
Would like to see the lower move not the higher...
Bit of fun
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
DXY strength due for a pullback. (Near term moves)
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Comment:
Here's the little move up mentioned in the post. Looking for short confirmation candles here.
Comment:
Trade closed: target reached:
Center of Regression and bounce. Thank you very much!
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