Great example of why waiting for the momentum is so important.
Right now, the trade plan makes sense from a technical perspective but as long as 1245 holds, there is no reason to sell.
Price has bounces multiple times here.
Price made a lower high but NOT a lower low yet and price is trading just at a previous market top. A break below 1245 could mean more selling. A bounce will cancel this trade idea.
Kommentare
kisacafb
⋅
did you enter this trade after breakout and re-test?
Lwandile
⋅
What time frame is this? if you don't mind me asking
tradeviron
⋅
@Lwandile, assuming H4 due to title stating 240 (minutes) "Gold/U.S Dollar, 240"