POSSIBLE SHORT TERM REVERSAL SETUP
Another week. Another dollar to chase.
Hi folks. I'm looking at an interesting setup here on Gold. I'm seeing a inverted hammer candlestick here that wrapped up last week. We're at a decent support level here to hold prices up going into next week starting August 13th.
I'll be looking for a long setup at the open with a target around 1945 (last week's high) before resuming lower according to COT reports and of course overall market structure.
A decent swing into 1945 with stops just below the 61.80% (1910.80) taken on the 1800 impulse. A decent RRR to start off the week.
Let's see how it goes.
Good luck trading and have a great week. 4H chart in comments section.
Hi folks. I'm looking at an interesting setup here on Gold. I'm seeing a inverted hammer candlestick here that wrapped up last week. We're at a decent support level here to hold prices up going into next week starting August 13th.
I'll be looking for a long setup at the open with a target around 1945 (last week's high) before resuming lower according to COT reports and of course overall market structure.
A decent swing into 1945 with stops just below the 61.80% (1910.80) taken on the 1800 impulse. A decent RRR to start off the week.
Let's see how it goes.
Good luck trading and have a great week. 4H chart in comments section.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.