GOLD (XAUUSD) 4 HRS TIMEFRAME ANALYSIS
SIMPLE STRATEGY: (ANY TIMEFRAME, WORKS BEST WITH 15M AND 30M)
IF PRICE IS AT A RESISTANCE/ SUPPORT AND IS AROUND THE PEAK LEVELS OF RSI (70 OR 30) THEN LOOK FOR A REVERSAL TRADE , FOR EXAMPLE IF PRICE IS AROUND THE RSI 70 LEVEL , LOOK FOR /WAIT FOR A STRONG RESISTANCE LEVEL WHERE PRICE IS REJECTED FOR CONFIRMATION, ONCE PRICE IS AT A STRONG RESISTANCE LEVEL THEN ENTER A SELL POSITION TO RIDE IT TO THE NEXT MINI SUPPORT.... AND IF PRICE IS AROUND THE RSI 30 LEVEL , LOOK FOR /WAIT FOR A STRONG SUPPORT LEVEL WHERE PRICE IS REJECTED FOR CONFIRMATION, ONCE PRICE IS AT A STRONG SUPPORT LEVEL THEN ENTER A BUY POSITION TO RIDE IT TO THE NEXT RESISTANCE.
WHAT TO DO WHEN ENTRY FULLY BREAKS :
IF ENTRIES FULLY BREAK, GET IN ALWAYS SECURE PARTIAL PROFITS AT TP 1 .
IF PRICE HITS ENTRIES BUT DOESNT FULLY BREAK , (ENTER A REVERSAL POSITION FOR A QUICK SCALP, TAKE PROFIT AT THE NEXT MINI SUPPORT OR RESISTANCE!)
ALSO REMEMBER TO QUICK SCALP THE REVERSALS WHENEVER PRICE HIT THE ENTEIRES /TPS AND REVERSE , THOSE ARE EASY SCALPING METHOD.
SUPPORT THE CHANNEL IF YOU PROFITTING OF IT :). THANKS GUYS
IF PRICE IS AT A RESISTANCE/ SUPPORT AND IS AROUND THE PEAK LEVELS OF RSI (70 OR 30) THEN LOOK FOR A REVERSAL TRADE , FOR EXAMPLE IF PRICE IS AROUND THE RSI 70 LEVEL , LOOK FOR /WAIT FOR A STRONG RESISTANCE LEVEL WHERE PRICE IS REJECTED FOR CONFIRMATION, ONCE PRICE IS AT A STRONG RESISTANCE LEVEL THEN ENTER A SELL POSITION TO RIDE IT TO THE NEXT MINI SUPPORT.... AND IF PRICE IS AROUND THE RSI 30 LEVEL , LOOK FOR /WAIT FOR A STRONG SUPPORT LEVEL WHERE PRICE IS REJECTED FOR CONFIRMATION, ONCE PRICE IS AT A STRONG SUPPORT LEVEL THEN ENTER A BUY POSITION TO RIDE IT TO THE NEXT RESISTANCE.
WHAT TO DO WHEN ENTRY FULLY BREAKS :
IF ENTRIES FULLY BREAK, GET IN ALWAYS SECURE PARTIAL PROFITS AT TP 1 .
IF PRICE HITS ENTRIES BUT DOESNT FULLY BREAK , (ENTER A REVERSAL POSITION FOR A QUICK SCALP, TAKE PROFIT AT THE NEXT MINI SUPPORT OR RESISTANCE!)
ALSO REMEMBER TO QUICK SCALP THE REVERSALS WHENEVER PRICE HIT THE ENTEIRES /TPS AND REVERSE , THOSE ARE EASY SCALPING METHOD.
SUPPORT THE CHANNEL IF YOU PROFITTING OF IT :). THANKS GUYS
Trade geschlossen: Ziel wurde erreicht:
SELL TP1 HIT
FULL BUY TPS SMASHED, ALL HITS
FULL BUY TPS SMASHED, ALL HITS
Kommentar:
TOTAL OF 214PIPS