Gold Weekly Income, S&D pt 1

Gold/U.S. DollarFXCM

Description

⋅ Sep 14, 2015 12:21 AM

HTF - Weekly= High on Curve, focus on selling in STF supply zones

ITF - Daily= Downtrend (LL, HH, LL, HH) (2 consecutive violations of demand zones)

Approaching HTF DZ in middle of curve, potential to take an aggressive long, only if profit margin is available (>3:1), if profit margin is low then sell on the retest of the SZ

S&D levels outlined with respective colours and highlighted