Bullish Flag Pattern on Gold. Why Gold May Continue to go higher
Hey Traders, We are seeing a Bullish Flag Pattern on Gold. This Pattern is easy to see on the lower timeframes as it has not fully developed on the higher timeframes yet. I am showing this Flag Pattern on the 30 min Chart. I plan on entering a Long position if price can break out of the Flag Pattern & then have a shallow retest near the yellow area highlighted on the Chart. I will only enter if my conditions & criteria for entry are met.
I will be looking for a couple different entry reasons. First I will look for specific candle stick patterns. If I do not get a bullish candle stick pattern after the first retest, then I will wait to see if price can put in a double bottom with a bullish candlestick pattern combined. I will also be looking for decent Volume upon the breakout of the Flag pattern.
Feel free to comment with your analysis or any questions you may have regarding this setup. I apologize for the short description & I hope this was helpful! keep an eye out for my "How to read structure tutorial" as I will be publishing that asap and it will contain a ton of valuable information! Thanks & good luck traders!
I will be looking for a couple different entry reasons. First I will look for specific candle stick patterns. If I do not get a bullish candle stick pattern after the first retest, then I will wait to see if price can put in a double bottom with a bullish candlestick pattern combined. I will also be looking for decent Volume upon the breakout of the Flag pattern.
Feel free to comment with your analysis or any questions you may have regarding this setup. I apologize for the short description & I hope this was helpful! keep an eye out for my "How to read structure tutorial" as I will be publishing that asap and it will contain a ton of valuable information! Thanks & good luck traders!
Pesanan dibatalkan
Possible head an shoulders playing out right now.Nota
Reasons Why I Didnt Enter the Bullish Flag Pattern On Gold!
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.