H4 Gold sold off from upper blue supres
Stalled at yellow minor pivot and 618er fib
Price basing and H4 pin completing suggest bullish reversal potential
Entry and stop based on break of recent consolidation range
Break lower invalidates trade
Would like to see a break north in next 2-3 candles
Yellow line recent H1 supres.
Price approached from south, slowed, and forming double pinbar = bearish reversal
Sell and stop based on prior H1 Pin with entry below low of current candle.
Yellow line shows recent supres level on hourly.
Ties in with 50Fib and falling supply line overhead.
Last hourly indecision candle presents opportunity to place sell and stop order.
Break of recent high cancels trade.
Recent swing low target returns a healthy 4.1 RRP
Bluezone = Prior support resistance level on higher timeframes.
Negative divergence formed on H1 RSI.
Sell order and stop based on 1000 H1 candle.
Target recent swing lows for a 2.5RRP trade
Break of candle high cancels trade