What's next after Gold retested key zones on Weekly
Highlights of the video are as below:
1. Weekly structure and two scenarios(targets), measured move
2. Price action analysis on the daily
3. Possible entries on hourly chart
Also, I talked about risk management for different entries. This is important. Before pulling the trigger, you have to know your trade risk(not position size).
1. Weekly structure and two scenarios(targets), measured move
2. Price action analysis on the daily
3. Possible entries on hourly chart
Also, I talked about risk management for different entries. This is important. Before pulling the trigger, you have to know your trade risk(not position size).
Comment:
As I mentioned in the video, price closed above my long-term MA, pullback entry marked in yellow has a higher probability.
Comment:
The momentum is stronger than I expected. Price consolidated around the long-term MA, having a quick retest and go up. Target is around 1826.
Comment:
This is the pullback you may miss. But my point is that don't chase the price, often you will be given a chance to fill your order. You may miss some trades, but In the long run, it'll help reduce risk and make more money. Trust me!
plan your trade and trade your plan
