As part of my trading plan as a day trader I do not trade in any direction where the market as not closed in before. So buying a magic Gold ticket will not happen until the market swings and retraces to leave Resistances for me to do proper analysis with. Risk is nullified if you do not trade at all! 👍
With Trend lines now a thumb sucking strategy without solid grounds and no resistances above 1818.20, I rather revert to the Regression Channel Highest/Highest close on a double divination since the initial 1800 Bulls run. We can enter short positions near the upper channel as it will be viable to find supports on the way down near the regression line or MA50.
Trade short (ideally not long) and Profit 🖖
With Trend lines now a thumb sucking strategy without solid grounds and no resistances above 1818.20, I rather revert to the Regression Channel Highest/Highest close on a double divination since the initial 1800 Bulls run. We can enter short positions near the upper channel as it will be viable to find supports on the way down near the regression line or MA50.
Trade short (ideally not long) and Profit 🖖