TECHNICAL ANALYSIS : GOLD CHANNEL LOW
It is evident that the price is currently trending within a specific channel and is approaching the lower boundary of this channel. Anticipating a response within this critical area, it is likely that the price will resume an upward trajectory. However, an exact take profit target has yet to be established and will be determined once a price reaction occurs.
Furthermore, on the 4-hour timeframe, certain oscillators are indicating the potential for a bullish movement in the near future. It is preferable to wait for a further decline in price to secure an entry point, ideally within the lower boundary of the channel. Nevertheless, even if there is a temporary pullback into the channel prior to this entry, it remains advisable to consider another upward push towards the lower boundary of the channel to explore buying opportunities.
Based on price action alone I see no reason to assume price will not continue down on the 4H into our zone
Furthermore, on the 4-hour timeframe, certain oscillators are indicating the potential for a bullish movement in the near future. It is preferable to wait for a further decline in price to secure an entry point, ideally within the lower boundary of the channel. Nevertheless, even if there is a temporary pullback into the channel prior to this entry, it remains advisable to consider another upward push towards the lower boundary of the channel to explore buying opportunities.
Based on price action alone I see no reason to assume price will not continue down on the 4H into our zone
Nota
Currently experiencing some pullback but I am still short term bearish and I expect a reaction off these levels Dagangan aktif
Executing a short into the main buys below Dagangan aktif
We are almost at target. Move stops to break even at this point :
Pesanan dibatalkan
Trade hit BENota
This markup is still valid and I still except price to push into the buy area
C Nicholas Downie
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.
C Nicholas Downie
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.