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GOLD SHORT H4
Market Structure: Ranging Market
Area of Value: Resistance
Entry: Bullish candle from the resistance level
Exit if Right: 3 tranches on possible areas of rallies
Exit if Wrong: invalidation of the ranging market, breakout
RRR: 1:3
GOLD is highly overbought brought by the news, my prediction is that Gold will recorrect itself before continuing whatever trend it's suppose to go.
Area of Value: Resistance
Entry: Bullish candle from the resistance level
Exit if Right: 3 tranches on possible areas of rallies
Exit if Wrong: invalidation of the ranging market, breakout
RRR: 1:3
GOLD is highly overbought brought by the news, my prediction is that Gold will recorrect itself before continuing whatever trend it's suppose to go.
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