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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.