My previous gold setup ( see link) is looking valid again
- down wedge
- support tested several times
- 4h bull divergence
Enter long on break of wedge for aggressive entry
Enter on retest f wedge for conservative entry.
Take full or partial profit at supply zone.
- down wedge
- support tested several times
- 4h bull divergence
Enter long on break of wedge for aggressive entry
Enter on retest f wedge for conservative entry.
Take full or partial profit at supply zone.
Comment:
No signal on this after open 4h candle. Still no position.
Comment:
No position still. This setup will be invalid at 1678
Comment:
since GC at the bottom of the wedge this may be a good place to take a long position with a very tight stop loss and maximal gains. If it falls below the wedge the trade is no longer valid. I do not believe I will take a long position at this point and I have not entered a position on this idea thus far. However, a long position would still be perfectly justified at this time.
