IF the daily close below the support zone, place a short order below the low
buy, only if there's a break above the resistance
1. gold is still in the support zone, if it rebounces off the zone and go higher, buy 2. a daily close below the support zone, the chance of it go back down to 1180 is quite nig
Today's candle bounced off the reisistance, go short, reisk/ reward ratio 1 - 1.8
2 scenarios: 1. bounce off the support, go higher 2. break below the support
if the next candle is bearish go short
Althought there's a resistance zone at 115.4, today's big bullish candle shows that the reisitance might not be very important, risk/reward ratio : 1
wait for the market to break out the box
If the 4 hr candle is bearish short
close beloe minor resistance, Risk reward ration: 1.3
Waiting for bearish candle to trade this Kangaroo tail