That rogue Red vector candle (wick) on 8th August 2021 definitely caught out a bunch of people including some of us at squeeezytrades and we all want revenge! we literally didn't trade Gold again until November. But how worth the wait it was, catching the super short from 1860-75 area. We enjoyed 1000 pips on the way down to 1775 and let it do it's thing down to 1753 before even thinking about the long. we got on board when price crossed 1760 again and stayed in till 1825ish before shorting 1833. Now the question still is can Gold go and do the run back up there (past 1846 and toward 1860/70) before filling that rogue wick down at 1663 or are we already on the way there from 1833?
1832-35 served as a very strong resistance 3 times (2x Jul21 & Sept21) before being broken in Nov only to be "non existent" as a support on the way back down to 1753.
Well, I guess we are short until we are long and depending on what happens at 1723, we will fill the rogue wick (1663) or not. But we will be looking for buys from anything below 1680 and we are pretty much short until we get stopped out in minimum profit or we hit TPs (1730, 1700 and 1680)
Happy trading guys
1832-35 served as a very strong resistance 3 times (2x Jul21 & Sept21) before being broken in Nov only to be "non existent" as a support on the way back down to 1753.
Well, I guess we are short until we are long and depending on what happens at 1723, we will fill the rogue wick (1663) or not. But we will be looking for buys from anything below 1680 and we are pretty much short until we get stopped out in minimum profit or we hit TPs (1730, 1700 and 1680)
Happy trading guys
