As a price action trader, I prioritize simplicity in my trading strategy, focusing on price and timing. Each breakout I pursue must meet specific criteria.
Gold has triggered my sell signal, indicating a potential trend change. However, given current geopolitical tensions, I'll exercise extra caution when executing trades.
Trading Plan:
I'm anticipating a long position on the H4 timeframe once the price enters my defined buy zone. My target for this long position is the upper zone, where I will take profit (TP). After closing the long position, I will wait for a confirmation signal to enter a short position.
Gold has triggered my sell signal, indicating a potential trend change. However, given current geopolitical tensions, I'll exercise extra caution when executing trades.
Trading Plan:
I'm anticipating a long position on the H4 timeframe once the price enters my defined buy zone. My target for this long position is the upper zone, where I will take profit (TP). After closing the long position, I will wait for a confirmation signal to enter a short position.