Hi Fellow Traders , hope y'all having a blessed Sunday evening , this side is business as usual.
i am looking forward to a great week ahead as last week ended in bad terms for me , but other than i have another great idea lined up for this upcoming week.
Ok so on friday Gold gave me a go ahead signal that meant we are ready for a bullish move but i was wrong i should have noticed that price has touched the support trendline 4 times and we all know that the 3rd touch is the most effective touch...so as it came for the 4th touch it was actually leading me in the wrong direction ,but this week's idea is more clearer and makes sense ...
this kind of setup being formed has actually played out well previously (check idea bellow) and the way the market is moving it seems like its printing out the same setup...
i will be expecting a descending channel towards 1830 as it was a strong resistance that got broken , it should play as support this time around (i think)
What do you think???
i am looking forward to a great week ahead as last week ended in bad terms for me , but other than i have another great idea lined up for this upcoming week.
Ok so on friday Gold gave me a go ahead signal that meant we are ready for a bullish move but i was wrong i should have noticed that price has touched the support trendline 4 times and we all know that the 3rd touch is the most effective touch...so as it came for the 4th touch it was actually leading me in the wrong direction ,but this week's idea is more clearer and makes sense ...
this kind of setup being formed has actually played out well previously (check idea bellow) and the way the market is moving it seems like its printing out the same setup...
i will be expecting a descending channel towards 1830 as it was a strong resistance that got broken , it should play as support this time around (i think)
What do you think???
