Master 1D Chart Analysis: Perfect Long/Short Location
Hi, guys!
Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience.
* Gold is in the perfect reference location, where both trades, Long & Short, may kick in.
* We need to see either of two confirmative events: the breakout or the bounce off of the Local Resistance. So watch the Price Action & the Candle Pattern at the Resistance.
Trade Signal
Buy @ $1,487.50 if breaks above.
Target: $1,530.00.
Stop-loss: $1,479.80.
Risk/Reward: 5:1
Sell at $1,482.00 if fails to break the resistance.
Target: $1,400 - $1,420 area.
Stop-loss: $1,487.50.
Risk/Reward: 15:1
GOOD LUCK!
Yours,
Market Wizzard
Disclaimer
The decision to enter a trade is solely at your discretion and responsibility. I express my subjective opinion and provide information for educational purposes only.
Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience.
* Gold is in the perfect reference location, where both trades, Long & Short, may kick in.
* We need to see either of two confirmative events: the breakout or the bounce off of the Local Resistance. So watch the Price Action & the Candle Pattern at the Resistance.
Trade Signal
Buy @ $1,487.50 if breaks above.
Target: $1,530.00.
Stop-loss: $1,479.80.
Risk/Reward: 5:1
Sell at $1,482.00 if fails to break the resistance.
Target: $1,400 - $1,420 area.
Stop-loss: $1,487.50.
Risk/Reward: 15:1
GOOD LUCK!
Yours,
Market Wizzard
Disclaimer
The decision to enter a trade is solely at your discretion and responsibility. I express my subjective opinion and provide information for educational purposes only.
Trade active:
Long from $1,487.50 is activated
