Gold: Bullish Shark @ Trendline with Positive Divergence on 1H
The is currently being supported by the 4H Kijun Sen and I have considered a buy there...but this is a nice confluence at the trendline so for now the plan will be to stay patient.
When trading the shark you should wait for the price to show it respects the zone and try and catch the re-test, which I plan to try and do on the small time frame (5 minute or even 1 minute).
I am continuing to employ my strategy of moving stops to cover costs after being up some pips and re-entering if necessary (if price action still looks good) as I have described in my other recent ideas.
If you have any comments or feedback on this idea, or your own view on Gold, please share it!
When trading the shark you should wait for the price to show it respects the zone and try and catch the re-test, which I plan to try and do on the small time frame (5 minute or even 1 minute).
I am continuing to employ my strategy of moving stops to cover costs after being up some pips and re-entering if necessary (if price action still looks good) as I have described in my other recent ideas.
If you have any comments or feedback on this idea, or your own view on Gold, please share it!