Although I am in sell position:
There is a long signal generated based on BL4 transitions that gould should reach 1236.2 ( is target )
And breakout higher than that to generate new transition signal.
If gold reach 1236.2 and don't break it by 1$ then that would look bearish to me.
If gold reach 1236.2 and breakout higher then gold should keep moving up.
We can see a bear flag very well can be seen on 1h TF if we refer to structure.
I am not taking this long. Just doing analysis and posting it for my personal journal / research.
Signal is not that strong but BL4's are great sub transitions and sometimes beat the BIG ones BL12's.
Entry for this long would be 1232.6
Good Luck.
There is a long signal generated based on BL4 transitions that gould should reach 1236.2 ( is target )
And breakout higher than that to generate new transition signal.
If gold reach 1236.2 and don't break it by 1$ then that would look bearish to me.
If gold reach 1236.2 and breakout higher then gold should keep moving up.
We can see a bear flag very well can be seen on 1h TF if we refer to structure.
I am not taking this long. Just doing analysis and posting it for my personal journal / research.
Signal is not that strong but BL4's are great sub transitions and sometimes beat the BIG ones BL12's.
Entry for this long would be 1232.6
Good Luck.
Comment:
Will be interesting to see which transition does the job. BL12 suggesting sell that I enter, or BL4 that generate Long signal! Excited a little bit here! :) Reasearch and new stuff is always cool, especially when can be tested live!
Trade active:
Decided to put some money on table because this looks promising.
Risk reasonably is what they say.
postimg.org/image/oxi2pt6fj/
Risk reasonably is what they say.
postimg.org/image/oxi2pt6fj/