trading plan for gold: rising wedge + structure

19 Mar 2019

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!

19 Mar 2019

Not

the market following the wedge borders!

19 Mar 2019

Not

the market in the zone
we see a rejection !

20 Mar 2019

Not

Bearish violation

20 Mar 2019

İşlem aktif

20 Mar 2019

Not

Hit target 1