Gold Trading Idea

Price bounced from Senkou A and the trend line. RSI confirmed price reversal and DMI gave us opportunity to use a setup for range market conditions. We could open short trades below 1324. Stop orders had to be placed above the swing high. Take-profit orders can be near Senkou B. Also if we use a trailing stop, we have the open short trade and good profit. Now the market is below the cloud and probably we'll see the down trend. For opening new short trades, we'll have to wait price reversal from Tenkan or Kijun lines.

The trading idea is based on Sunrise Trading Strategy.