Potential Gold Short
- Block to block trading on the 15min and 30min charts
- Blocks are valued on Volume, Williams R % and the amount of times they have been tapped.
- Always wait for price action to confirm the trade before taking it. 1-5min chart.
- Stops should be other side of the block.
- Move SL to BE as soon as you can
- Trail SL on 1min / 5min - Take what you can, give nothing back.
- TP's are always hypothetical targets.
Gold is very bullish, but we hit major a resistance zones and the price seems to be reacting to it.
Wait for London open and wait for price to give reversal signals on the lower time framers before going short.
- Blocks are valued on Volume, Williams R % and the amount of times they have been tapped.
- Always wait for price action to confirm the trade before taking it. 1-5min chart.
- Stops should be other side of the block.
- Move SL to BE as soon as you can
- Trail SL on 1min / 5min - Take what you can, give nothing back.
- TP's are always hypothetical targets.
Gold is very bullish, but we hit major a resistance zones and the price seems to be reacting to it.
Wait for London open and wait for price to give reversal signals on the lower time framers before going short.
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