Gold had closed above zone 2038.00 both on 1h & 4h and had now confirmed Buys on both 1h & 4H. Upon seeing this and also retraced down to 2037.00 zone.
Upon seeing the 4H candle close above zone this was a strong Buy bias for and all I was waiting for was for a descent pull back for entry. Sl has to be placed below the 4H candle @ 2033.500. Based on the stop loss once price came back down to the 30/35 pip range and zooming into the 5mins & 1mins and seeing structure being respected I entered @2037.00 .
For Tp's expecting pRICE TO REACH 2045. Will look to take Partial profits at TP's.
TP1: 2043.00 TP2:2045.00
Market Bio Feedback:
* Where has the market moved since I entered my trade? Near Entry
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Optimistic
* What do I like about this trade ? the strong 4H candle close confirm & patient for entry
* What do I dis-like about this trade now? slightly choppy
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? No
Upon seeing the 4H candle close above zone this was a strong Buy bias for and all I was waiting for was for a descent pull back for entry. Sl has to be placed below the 4H candle @ 2033.500. Based on the stop loss once price came back down to the 30/35 pip range and zooming into the 5mins & 1mins and seeing structure being respected I entered @2037.00 .
For Tp's expecting pRICE TO REACH 2045. Will look to take Partial profits at TP's.
TP1: 2043.00 TP2:2045.00
Market Bio Feedback:
* Where has the market moved since I entered my trade? Near Entry
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Optimistic
* What do I like about this trade ? the strong 4H candle close confirm & patient for entry
* What do I dis-like about this trade now? slightly choppy
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? No