Backtesting for 7 Dec (Wed): Gold
Technical Analysis
NO 1: BUY (85 PIPS)
Price went long for 85 pips respecting the H1 STRONG RESISTANCE (1767.79 - 1766.60). Trend is sideway as there is no breakout.
Time: 02:45H (Tokyo Sesh)
NO 2: SELL (50 PIPS)
Price trade in a sideway motion for 10 hours and it has been playing in the M15 Support and Resistance. Price respected the M15 Strong Resistance area (1776.34 - 1775.14) and went short for 50 pips. Trend is sideway
Time: 16:45H (UK Sesh)
NO 3: BUY (164 PIPS)
Price finally makes a H1 Resistance (1775~) breakout after long awaited sideway motion, price went long for 164 pips! Trend is bullish as there was a breakout at H1
Time: 20:00H (US Sesh)
NO 4: SELL (100 PIPS)
Price respected the H4 SBR + H1 QMS (1787.04 - 1785.60) and went short for 100 pips! Price did not make any Support breakout at H1, trend remain bullish.
Time: 22:45H
There is no high impact catalyist USD for the day. With using solely technical analysis, collected total pips for 7 Dec is 399 pips.
Technical Analysis
NO 1: BUY (85 PIPS)
Price went long for 85 pips respecting the H1 STRONG RESISTANCE (1767.79 - 1766.60). Trend is sideway as there is no breakout.
Time: 02:45H (Tokyo Sesh)
NO 2: SELL (50 PIPS)
Price trade in a sideway motion for 10 hours and it has been playing in the M15 Support and Resistance. Price respected the M15 Strong Resistance area (1776.34 - 1775.14) and went short for 50 pips. Trend is sideway
Time: 16:45H (UK Sesh)
NO 3: BUY (164 PIPS)
Price finally makes a H1 Resistance (1775~) breakout after long awaited sideway motion, price went long for 164 pips! Trend is bullish as there was a breakout at H1
Time: 20:00H (US Sesh)
NO 4: SELL (100 PIPS)
Price respected the H4 SBR + H1 QMS (1787.04 - 1785.60) and went short for 100 pips! Price did not make any Support breakout at H1, trend remain bullish.
Time: 22:45H
There is no high impact catalyist USD for the day. With using solely technical analysis, collected total pips for 7 Dec is 399 pips.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.