We violently broke through the daily SSB on 7 November indicating the bears are here to stay. However this weaned down the past two days and we should expect a test of this SSB break with price getting more orders to propel it further down. So we wait for a test of that level and the 1st reversal sign we get preferably around the 1480 area we short it. The lagging on both the weekly and monthly are free to move.Special mention should be given to the monthly lagging which proved to be the determining factor and failed to leave the cloud pushing gold prices down,powerful!
Enrty: 2 small position @ 1480 (remember the reversal signal is important)
SL: 1492
TP1: 1450
TP2: 1416 (weekly Kijun)
Enrty: 2 small position @ 1480 (remember the reversal signal is important)
SL: 1492
TP1: 1450
TP2: 1416 (weekly Kijun)
Comment:
Not comfortable shorting here. . .i would rather wait we get into the blue zone 1st so will wait it out...if it goes it goes
