tradingwalk
Long

Gold Buy | Bull Trap and Stop Loss Hunting

TVC:GOLD   CFDs on Gold (US$ / OZ)
Hello Traders,

Here's my analysis on Gold daily chart .

This bull trap and then pullback to stop runs (stop loss hunting) have resulted in very good trading opportunities with Gold .

The psychology behind these moves are basically that traders see a breakout and enter trades but then price makes a pullback/retracement to take out stops and then reverse and continue in the original breakout direction.

You can always ask yourself – where are traders in pain? This can help a lot finding good trades.

Instead of buying the breakout (buying high) these stop loss hunting entries will give you a much better entry point.

The risk reward ratio RRR on these trades are very good.

The trend is your friend, so buying low in these pennant chart patterns combined with the bull trap and stop loss hunting is a strategy that works.

If it was helpful, I would appreciate you leaving a like and follow. Thanks!

Let me know in the comment section below if you have any questions.

Best regards,
Johan
Great analysis. I have a similar view. Invalidation point for me is $1450
+2 Reply
tradingwalk Shingi_Lesetedi
Sounds like a good plan.
Reply
Shingi_Lesetedi tradingwalk
@tradingwalk, Indeed. Lets see how it plays out next week.
Reply
This one is a good analysis! Where can I talk to you Johan? You have a very realiable analysis and good trading. We can collaborate hehe
+1 Reply
allensanmiguel allensanmiguel
*Reliable
+1 Reply
tradingwalk allensanmiguel
You can contact me via email johan@tradingwalk.com
Reply
Makes good sense. Good luck to everybody!
+1 Reply
Amazing analysis!! What price do you put the stop loss?
+1 Reply
Thanks! I use this big picture analysis to take trades on lower time frames when I get buy signals to get even better risk reward ratio trades.
Reply
Thanks a lot for the analysis
+1 Reply
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