GOLD - Inside bar formed, BUY/SELL order + SL levels indicated
- As shown in the chart an inside bar candle has formed.
- Typically with this candle formation, you would wait for a break of either the inside bars high or low in order to initiate a buy or sell position
1. If you were setting a BUY order you would:
- Set the buy order ABOVE the inside bars high
- Set the SL for the buy order BELOW the inside bars low
2. If you were setting a SELL order you would
- Set the sell order BELOW the inside bars low
- Se the SL for the sell order ABOVE the inside bars high
THIS IS NOT A TRADE CALL
- Typically with this candle formation, you would wait for a break of either the inside bars high or low in order to initiate a buy or sell position
1. If you were setting a BUY order you would:
- Set the buy order ABOVE the inside bars high
- Set the SL for the buy order BELOW the inside bars low
2. If you were setting a SELL order you would
- Set the sell order BELOW the inside bars low
- Se the SL for the sell order ABOVE the inside bars high
THIS IS NOT A TRADE CALL