While we are waiting for bigger retrace in of a big rally on weekly TF we can try to scalp smaller moves as opportunity shows up.
on 4h TF a small Bat pattern emerging and may give us an opportunity to trade its BAMM move (or conventional double bottom).
Entry is on a break of B point as show on the chart.
Exit is automatic at 1343.
I am bearish gold in 1340-1365 area so only advise to short there.
on 4h TF a small Bat pattern emerging and may give us an opportunity to trade its BAMM move (or conventional double bottom).
Entry is on a break of B point as show on the chart.
Exit is automatic at 1343.
I am bearish gold in 1340-1365 area so only advise to short there.
Comment:
Break of $1321 invalidates this potential setup.
Comment:
PA is about to invalidate our setup. But let's see, it may convert into double bottom opportunity. Still enter ONLY when 1333 break upward.
Order cancelled:
This idea got invalidated and no longer valid back to main weekly short idea where short trade got activated. Even if we go up this setup is no longer valid. There could be Shark pattern if happens I will create separate idea.
