28/05/21
So we had a deeper dip into the H4 Buy ZOne and as such this becomes our buy point with first TP around 1895, ie the level that would be more or less the stop loss level of the H1 sellers as the H1 has flipped bearish, now while the H1 has flipped bearish, we could look to sell it however we need to remember the overal trend of gold is bullish meaning its riskier to sell as opposed to buying, notwithstanding, sell setups are on the table but position size and stop levels become important in managing overal risk.....last day of the week so manage risk properly to avoid some heavy DD over the weekend.....
Levels for the day
1879.38
1886.07
1888.42
1889.88
1892.23
1894.55
1896.04
1898.39
Disliked{quote} Heres the dilemma, as mentioned a look to the left shows how the current horizontal resistance has been problematic and the number of candles that stalled near the level show how long price kinda chilled and tried to figure things out....now as per the 4+1 we can see how our zone on the H1 at the current handle is flat... meaning we need price to either shoot up and create a slope big enough for us to look for buy dips, alternatively price should drop deeper into the H4 buy zone (1893 - 1886)... hope this makes...Ignored
Levels for the day
1879.38
1886.07
1888.42
1889.88
1892.23
1894.55
1896.04
1898.39
4&1 All Time Profit:
$37,496
