After seeing the market form up a support zone (blue box), we got a bullish engulfing candle on the 5 min time frame. Which is a good buy opportunity in my book. I would like to see the market recover backup from the previous fall earlier this morning during the London session. I have placed a stop loss below the support zone and my profit area is at the yellow...
Following yesterday's New York session 11th OCT. The market found support around 3p.m EST. (Lower blue box). After seeing price establish support I identified the area of resistance ( higher blue box) and waited to see price break into the resistance zone which currently happened during London session this morning. Currently in a BUY and looking to hold until...
Following the bullish run at opening bell (9:30 am EST), I noticed that price found resistance around 2p.m ( upper box). At that point, I waited for a bearish candle to print out which also went through the support zone (lower box). That indicated a SELL opportunity for me and looking to hold my short position until price recover at least 50% of the bullish run...
I saw the bullish candle print out at the bottom of zone. (the circle) Around 6a.m this morning, doing so the market recovered from where it fell during London session. And I like the BUY, and currently waiting to see price continue moving up into the next zone or above.
Based of what i see with the candles reacting to my zone, I like to see GOLD continue to drop. We got a bearish impulsive candle right on my zone which triggered me to go in for sell. Stop loss is placed above my zone and looking to take profit at bottom of the candle structure to the left.
