*retest of structure (I am aware of structure below, don't swing you don't win)
*Falling channel
*Bullish divergence on 60 + 240
*Number of line closes on the line chart at 240TF
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I'd like to break out of the channel pretty quickly to indicate a bullish move soon and then look to scale in. We may range a little more here though
RR is 1:3.12
Loss $556
Potential Gain $1286 (if profits aren't banked along the way)
*Falling channel
*Bullish divergence on 60 + 240
*Number of line closes on the line chart at 240TF
--------
I'd like to break out of the channel pretty quickly to indicate a bullish move soon and then look to scale in. We may range a little more here though
RR is 1:3.12
Loss $556
Potential Gain $1286 (if profits aren't banked along the way)
Trade closed: stop reached:
very short lived, big push lower on gold. is what it is
Comment:
Next level as described was hit and bounced right off that level