0522:Mastering Divergence in Gold: Daily vs. 4H Chart Tactics

5月22日

Hello traders,

Daily chart GOLD looks strong bullish, but not a good position to open buy today.

So even you have the right direction , but in the wrong position ,still could make a losing trade.

Right now In the LD session on Thurs, there is already a bearish signal on 4H chart.

How can you open a long trade based on bearish signal on lower timeframe chart?

You want to follow main trend, but you surely not want to open in the wrong time or position.

Plan A: daily trading plan
Waiting daily candlestick of Thurs to see if the daily pressure line good for new selling plan.
And make your selling plan based on this candle on Friday.
Right, just watch and not doing anything on Thursday.

Plan B, 4H chart trading plan
In the early EURO session, GOLD has made a 4h bearish signal on 4h chart.
Open short position based on 30m chart bearish signal in EUOR-US session.
TP1: 3270
TP2: 3252

GOOD LUCK!
LESS IS MORE!

5月23日

手動結束交易

5月23日

註釋

In the LD session on Thurs, there is already a bearish signal on 4H chart.
How can you open a long trade based on bearish signal on lower timeframe chart?

The selling plan on yesterday got little profit till this Friday Asia morning.
TP1 almost hit.
But tp2 may not good for this time.

The short trade is closed now.

Gold is now turning up again.
It will break the red line and possible to make a new high soon.