GOLD IMPULSIVE MOVE EXPECTED! +-350 PIPS
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The wedge is my favourite setup to trade: WHY?
- Sniper entry (Low risk:reward ratios!)
- High probability setup.
- Indicates market is preparing for big move to up or downside.
Important to practice patience with this setup. A lot of fake breakouts can occur. Recommend waiting for the break and RETEST CONFIRMATION! On a higher time frame.
Overall bias is to the DOWNSIDE but in terms of my entry, It can go either way. Once price breaks and retests- I will buy / sell in that direction. To catch the 350 pip move.
What are your thoughts?
- Sniper entry (Low risk:reward ratios!)
- High probability setup.
- Indicates market is preparing for big move to up or downside.
Important to practice patience with this setup. A lot of fake breakouts can occur. Recommend waiting for the break and RETEST CONFIRMATION! On a higher time frame.
Overall bias is to the DOWNSIDE but in terms of my entry, It can go either way. Once price breaks and retests- I will buy / sell in that direction. To catch the 350 pip move.
What are your thoughts?
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