trading plan for gold: rising wedge + structure

١٩ مارس ٢٠١٩

hey traders,

on gold we see how the market is coiling in a rising wedge pattern,
with each bullish leg shorter than the previous.

wedge pattern is a perfect indication of a weakening momentum,
it is typically broken around significant support or resistance area.

our plan for today:
let the market continue its movement in a wedge pattern,
and wait for a bearish breakout as it enters a resistance zone.

targets will be based on structure.

good luck!

١٩ مارس ٢٠١٩

ملاحظة

the market following the wedge borders!

١٩ مارس ٢٠١٩

ملاحظة

the market in the zone
we see a rejection !

٢٠ مارس ٢٠١٩

ملاحظة

Bearish violation

٢٠ مارس ٢٠١٩

تم فتح الصفقة

٢٠ مارس ٢٠١٩

ملاحظة

Hit target 1