No 1) From Institutional Stand Point There is And Wick entry Which Could Take place.
No 2) The Boss of all Confirmation !!
15 Minutes Break and Retest Divergence.
No 3) Price just hit the Trend for the 4th TIme and Reacted so, What you are expecting that it is going to do when it comes down again !!
Indeed Destroying that trend and going Short...
I have been watching Gold now from Long time and this is it !
It formed perfect contracting descending Triangle, However a Triangle is a continuation pattern and market is on a uptrend so i have a strong intuition that the market is going to go up and up !!!
And this pattern is on 1 hour time frame the move is 400pips plus !!
So just a trade idea take a look...
People who has not got into GU trade yesterday after it
It broke the structure and the diamond can still get in for equal measured move !!
I entered last night and it is 20 pips up !!
A perfect diamond pattern in forming on 1hour time frame which alot of people also look as Head and Shoulders Patter !!
We have got all the confirmation set in this one !!
