I'm not an expert trader, but I can give my opinion that this pattern is quiet good.
why?
1. It's happen in chart H4.
2. this channel/flag pattern is so clear.
why we trade this pattern?
because the price has been break the channel and should go up (may be next week).
How to trade?? find the lowest price yesterday as a stop loss. find a low price today or next monday to join market as a buyer.
why?
1. It's happen in chart H4.
2. this channel/flag pattern is so clear.
why we trade this pattern?
because the price has been break the channel and should go up (may be next week).
How to trade?? find the lowest price yesterday as a stop loss. find a low price today or next monday to join market as a buyer.
Trade active:
Comment:
Gold will moving up arround 1270.