Gold. i don't usually trade, good go horribly buy i'm starting to backtest it.
the one two and through h4 trend line has been broke and retested and looks long, however the trend line with the most points of contact has not been broke. my bias is long, but i want to see a clear indication before trading
Two previous short entry ideas, for educational purposes as they are in the past.
A possible outlook for where price is going, using structure, elliot wave theory and price action.
Clear and easy to read chart, enough to see, but not too much to cause confusion.
this looks to have broke a bullish trend line.
we want more bearish confirmation so we want to wait for a break of structure around the 1.2150-1.2160 level, to me this will indicate that we are indeed bearish now.
be careful not to enter to soon as there is still a chance it goes up as it is still trending up.
we want to enter on the retest after the break of 1.2150