Small Window of opportunity for the HOUSE to go SHORT...?
GC1!
I have been watching GOLD very very closely as it has been trending very heavily to the upside with very little opportunity if close to none to play SHORT...Now after much down time and patience we may finally have an opportunity. Here is what I will be looking for to go SHORT!
1) Buyers have pushed price up and broke a strong monthly resistance level around around ($2060.00) ***On the 4Hr TF we already have a strong rejection at that level with a minor resistance level also ($2165.0) that sellers have rejected and now pushing price lower...
2) I want to price close below ($2060.00) on both the 30&15m candle with enough conviction below for me to be interested in participating SHORT. ***Remember this trade will be considered counter trend so we need to be skilled in our entry and ever more the exit...
3) If we can get the close below monthly resistance level ($2060.00) on the 30&15m candles and PA trading underneath the red VWAP then I will be highly interested in going short targeting the next major 4Hr Demand Zone....
****Remember nothing is set in stone we simply play the longterm game of probability...
Now lets sit back N stalk like the Saltwater CROC!!! Waiting for further confirmation to enter...
Comment:
Price moving as predicated...Lets stay focused!!
#BHM500K #NewERA
#BHM500K #NewERA
Comment:
This trade is still Valid IMO even thought buyers pushed price way higher than I expected. However I am still very interested in this trade... Lets wait for next week...
#BHM500K #NewERA
#BHM500K #NewERA
Comment:
Stay focused....
Comment:
Daily TF
Comment:
I am simply waiting on the pullback...It will be counter trend however I know we are skilled enough to pull it off... Stay focused
#BHM500K #NewERA