There is a great potential sell setup forming in Gold on the H4 chart. Commodity has been trading higher for the past few weeks and it is not approaching good reversal levels, even if only for the short term. The bearish divergence is another confirmation for the bearish outlook
Once the false breaks are there, next step is to look for a correction. Ideally we will get a double wave on the intraday charts M15/H1 and we can sell. The sell could be triggered either from a false break at the end of the double wave correction or when the short term up trend line (connecting the lows of the double wave) is broken down. First method is a bit more aggressive but the risk:reward is usually better compared to the second method which is more conservative.
Protection in both cases should be above the last high and the target is near the H4 up trend line (image above)..
Once the false breaks are there, next step is to look for a correction. Ideally we will get a double wave on the intraday charts M15/H1 and we can sell. The sell could be triggered either from a false break at the end of the double wave correction or when the short term up trend line (connecting the lows of the double wave) is broken down. First method is a bit more aggressive but the risk:reward is usually better compared to the second method which is more conservative.
Protection in both cases should be above the last high and the target is near the H4 up trend line (image above)..
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.