The GC One hour time frame is in a short term down trend. The market is finding support at the back side of the old up channel. It is a good idea to wait for the market to break and close above the down trend line before looking to buy.
Entry: Counter trend line break bullish in the buy zone.
STOP: In the sell zone below the entry
LIMIT: 1810.10
As long as the market stays above the support level of the old up channel. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities.
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