TradingView
JICPT
Feb 16, 2021 1:40 PM

Waiting Gold to retest zones around 1770 for bullish setup 

Gold/U.S. DollarFXCM

Description

Basically, my trading idea is based on weekly chart which you can see clearly the long setup at the bottom is a not bad one.

For the daily chart, it formed a inside bar pattern(so hard to find a good entry) until 20 minutes ago that the structure got violated. Very often, we should wait for opportunities, instead of chasing them.

Until price forms a clearer and high probability pattern to join in. Now, chart is sort of choppy for me at least on the daily and hourly chart.

Comment


with a lower low created on the hourly chart, momentum is still to the downside.
Comments
abel11
I love this analysis. thank you for sharing
JICPT
@abel11, thanks for your comment
More