we had a major bulish movements in the past week.The 4H had definitely predicted this move after breaking (1905.52) wich was resistance turning support, to then for price to return to that level and launching the bulish rocket.
for the coming week/weeks the market price is in a bearish move in a nice descending channel and at a nice 4H minor resistance. selling at this moment, and this price(1939.90) is a nice entry. but if price needs more liquidity that would be at (1963.60) before the fall.
both trades would be nice and give enough to move sl to entry lets wait and see
for the coming week/weeks the market price is in a bearish move in a nice descending channel and at a nice 4H minor resistance. selling at this moment, and this price(1939.90) is a nice entry. but if price needs more liquidity that would be at (1963.60) before the fall.
both trades would be nice and give enough to move sl to entry lets wait and see
Comment:
well it looks like the bears where right all along. the trend has changed on the 4H. the incoming bulish push wil be the opening to enter for a sell keep your eyes on gold.
Comment:
+300 moving SL to entry aswell