Coming up to a strong level of resistance, RSI is high show signs that this will bounce off the resistance line.
Some vaccine supply chain issues in the UK may also motivate this trend.
Let’s see what happens
Documenting the journey from drawing imaginary lines to blowing up my account and hopefully learning something.
There seems to be a bit of an uptrend at the moment, bouncing from the trend line to a significant level of resistance. Bears are struggling to keep the bulls down so I think this suggests that the bears will soon be overcome by the bulls and push past...
Gold on the 4hr chart is at a support level
Looking for this to bounce, RSI is also oversold
Waiting for a buyers bar before entering the trade
I’m pretty shit at this so bare with.
Coming up to a resistance point - Blue Rectangle.
Looking to bounce off this and fall back to the green line - keeping this upwards trend.
First time i have really done this, so please pardon my naivety.
