Gold Breakout or Rejection From Key Resistance

18 Şub

In the H1 timeframe there is a string resistance zone zone around 2937-2940, and H4 FVG near 2920. There are key liquidate levels, the orevious High amd previous day low.

A buy Signal: A buy signal is confirmed if the price breaks and close above the 2940 resistance zone retest it as a support and holds the previous day high.

Bullish confirmation can from strong volume, breakout candles

19 Şub

İşlem aktif

Gold tap the FVG at 2928 we can open long position from here taking as sniper entry

19 Şub

İşlem elle kapatılmış

Trade has been closed Gold hit the FVG and boom giving us 70 pips sniper shot. Since there is a resistance zone above the FVG we need to close the trade and booked out profit