the market is a very volatile place but it is the best place to be if you're on the right side of the move. this case study should bring a lot of components I use in my trading strategy which are time price action and liquidity purges.
Dears,
as you can see on the chart, the Daw have bearish take what you think it is enough for you as the Daw it is change price between the brokers.
God knows,
take care and good luck
Here we have a simple break and retest.
Gold broke above resistance at 1573.
Came back retested as support created a morning star candle on the 1 hour time frame.
Before the opening on London, this was a clean and easy setup.
The confluence of different time frames was also another indication to buy.
You could have secured at least 80 pips before market close.
Highlighted we have US30 make is first low near support.
Then when market open we see a pullback being formed.
Check the 30 min time frame we have a morning star formed and take off.
I think its best to let the candle closed first and then enter.
You could have secured an overall of 2200 pips and only risking about 400 pips.
This is just going through market...
Dears,
Please, be informed we can go be sell when we see the price action on our area, or you can sell it now and the SL it will be close above our area (this high risk)
take care and good luck
