Prepping the long for gold
False breakdown of prime trend-line (white line), currently reclaimed.
Would not look to long here - rather I would look for a break of R1 resistance @ 1905
and look to rebuy on a retest of previously strong resistance.
Likely scenario would be ->break 1905 ->test 20DMA -> retest 1905 support -> target 1945.
We can set our stop losses below S1 @ 1881, giving us a 1.67:1 risk to reward.
Good luck and cheers,
Mayo
Would not look to long here - rather I would look for a break of R1 resistance @ 1905
and look to rebuy on a retest of previously strong resistance.
Likely scenario would be ->break 1905 ->test 20DMA -> retest 1905 support -> target 1945.
We can set our stop losses below S1 @ 1881, giving us a 1.67:1 risk to reward.
Good luck and cheers,
Mayo
Nota
Got our perfect bounce off the 20 Daily and continued upwardsTrade ACTIVE
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.