1504 4H plan GOLD to buy to 1780.

Hello traders,

I am Vera from Channel ABC Signal. I am a swing trader. Now I am going to update plan to buy gold on 4h chart. I found the position that GOLD was possible to reverse on 4h chart. But when I tried to open a long trade after a small correction, STOP LOSS hit. Actually, if we set stop loss lower than last low, situation would be different. But stop loss and your entry position will decide your risk to return ratio eventually. Please keep this in your mind, you trip on trading would be a very long one, and you should not be upset by just single one hit your stop loss. In order to keep your trading trip longer, you need to set your risk tolerance by reducing your risk exposure on each trade.

Back to this plan, gold is running alone with the new red channel. Gold is about to meet the 1st red resistance zone very soon. So when you found this video, you may not have a really great entry position and RR ratio by targeting 1st red resistance zone. My suggestion is that you can try to plan a trade on breakingthrough this level with minor stop loss, target FIBO 1.27 position of last grand super wave A.

Good luck on this plan.
Pls don’t forget to support me with likes and comment down to let me know your thought.
Good luck!
LESS IS MORE!

Trade geschlossen: Ziel wurde erreicht:

Kommentar:

Kommentar:

Waiting for a retest on 1h resistanc zone now has become a possible support zone.

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That is for traders did not open a buy yet.
For us, we will keep our trade till next target.