High Relative Volume for past few days. expecting a run up. As previous breakout gap has been filled and potentially poised to halt for couple of days and then a run up is expected.
One negative point - last trading day stock was down with the relative volume of over 5
1. 1 ATR target
2. trailing stop for every 2 ATR move.
Stop - Close all if...
Relative High volume >3 and a breakout appears to be imminent.
Strategy test trade, two positions.
1. Target at 1 ATR from previous close,
2. Trailing target position moving target for every 2 ATR move higher from the original open price.
Stop - Close all positions on 1.5 ATR
I am currently not in this position but this is more of a test to identify market behaviour.
If Gold price to break out below the support level of the triangle there is a potential for it to have a shorter term pull back from its highs.
Markets are volatile and with the yield curve inversion, uncertainty is heightened in the short-term we can see a lot of down and up swings making it a great opportunity to trade short-term on indices.
I chose CAC as it is less volatile compared to FTSE 100.
This is my first post.. lets see how it goes!