GOLD - How PA can help you in trading.
Dear traders, we all are speculators.
The important part is to find more probable scenarios. Master the price action, how the market moves and where the structure points are.
This is what I can see in gold. The price moves in a range by creating liquidity. Then grabs it from both sides to get a boost to break the major structure.
As a confirmation, we have a bearish divergence.
The current zone is not a trade zone for me. Very risky to enter at this point. Stay safe!
P.S.: NFP today.
DISCIPLINE
It's just an idea of mine.
However, everyone can share their thoughts in the comment section below.
Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
The important part is to find more probable scenarios. Master the price action, how the market moves and where the structure points are.
This is what I can see in gold. The price moves in a range by creating liquidity. Then grabs it from both sides to get a boost to break the major structure.
As a confirmation, we have a bearish divergence.
The current zone is not a trade zone for me. Very risky to enter at this point. Stay safe!
P.S.: NFP today.
DISCIPLINE
- Strive for patience, perseverance, determination, & rational action.
- Limit your losses, use stops.
- Never cancel a stop loss order after you have placed it!
It's just an idea of mine.
However, everyone can share their thoughts in the comment section below.
Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
Trade closed: target reached