Price has just broken out of several months of consolidation, it has just cleared a pivot high and peaked above 1.3500.
We have had a daily close above 1.3500, i will be looking for a weekly close above this level.
Then i will look for longs on a retest of 1.3500 zone or if there is no retest then a continuation pattern e.g. bullish flag
At a break of RN 2.0000 I will look for short opportunities down to the 1.0000 figure. I will take an initial half risk position at the break of 2.0 and then add multiple positions untill i have 5 positions running. moving my stop loss to entry as i open a new position.
Gold D1 Short.
Price is bearish
HF Triangle/Wedge pattern
Supply zone was created which took out a previous demand zone
looking for price to retrace back to Supply zone and continue lower till it hits or gets close to higher TF triangle bottom