Daily Analysis on Gold Futures + Trade Idea by ThinkingAntsOk
Use this a guide to develop your setup
Main Items we can see on the Daily Chart:
-Price has broken the Pennant Pattern
-We expect a continuation of the up movement towards the Bullish daily target
-Before setting orders, we will wait for a Throw-Back to the broken trendline or a support zone
-If that happens we will set our Orders Above the last motive wave and our Stop below the whole structure or below the Throw-Back. Our main target will be the one visible on the chart
Main Items we can see on the Daily Chart:
-Price has broken the Pennant Pattern
-We expect a continuation of the up movement towards the Bullish daily target
-Before setting orders, we will wait for a Throw-Back to the broken trendline or a support zone
-If that happens we will set our Orders Above the last motive wave and our Stop below the whole structure or below the Throw-Back. Our main target will be the one visible on the chart