If you watched last weeks vid then you heard me mention this already but these two areas look very similar to me in terms of price movement. This is something ive been following this week which has helped me capitalize on these bullish moves. If we continue to follow then we should get a small dip soon and rally higher near 9.7k.
Buildup led to proper break & double pressure (Similar setup to my oil trade). Bought the retest. I usually would put my stop under this whole h4 structure but here I'm testing if I am able to tighten my stop below a lower timeframe structure that initiated the break through resistance.
Longing oil here. 2.5% risk
Proper break after buildup leading to double pressure. High odds of continuation, the level was defended hard before the break which indicates strength by the bulls. Stop below the ceiling test and buildup progression. Targeting the origin of the big selloff (D1). Been waiting for this breakout and retest for nearly a month now.
I'm short gold from the breaker. Retesting after a break in MS. A breakdown below 1303 will confirm it wants to go lower. If price does reclaim this level as support then I will reconsider but im leaning bearish.
Clean break & close below support. This wick makes it interesting but I'm not longing this unless we reclaim 3320. Otherwise if we continue to close below then I will short. I'll update if I jump into a position.