060624 - Psychology Class w/Joshua

٦ يونيو ٢٠٢٤

Gold case study, why short?

Big picture:
- Monthly waiting pullback since Feb
- Weekly MA10 potentially become resistance ; 2351
- EMA21 - 2243 (deep thinking), time vs pricing > 225x-226x vs CMP (1000p)
- Overall outlook = Healthy pullback

Trade setup reason:
Entry 2370-2380 (can layer 1-2 trades)
SL above 50% fibs 2388-2390 area
RR 1:5
Fibs 38.2%
Targets 2303 and 227x area
H4 trending down > sideway > manipulation > continuation down
current market sweep liqduity above, pending down. Expect movement on Friday.

٦ يونيو ٢٠٢٤

تم فتح الصفقة

SELL LIMIT HIT

١٠ يونيو ٢٠٢٤

تم إغلاق الصفقة يدويًا

2303 TP1 hit - first target hit + liq.gap filled.

Next downside 227x area, trader may secure 80% and left 20% run lower