Price closed bullish yesterday (therefore i am bullish for the day) whilst printing beautiful bullish price action on lower TF. I think that because price managed to close above R we will see some nice volume coming into london session pushing up to our target. There is nice clean candles on the left so it should be a clean move if the low is not broken before breaking the high (as per usual). This is a high probability setup for a continuation to the upside
Comment:
Price pushed up +40 pips, there isn't a bottom wick on the hourly candle. 10pm is the new 4H candle and it should create a bottom wick. Therefore i am gonna keep my stops open and not shift it to BE just yet because i personally think the 4H will make a pretty steep bottom wick before price can drive up
Comment:
The 30min candle made the hourly bottom wick and the new 4H candle at 10pm (MYT) also made a really long wick as we anticipated. Trade is still valid if the 1H can close above 1828.
Comment:
1H closure on gold at 1829. trade still valid to hold.
Comment:
Moving stops to break even after +50 pips up and making this a risk free trade.
Trade closed manually:
Price was struggling to push higher as there was some traffic on the 1H/4H TF. There was alot of emotions during this trade that i deffo need to work on. But overall it was a good trade. Look a +1.5% on this one :)