The GC one hour time frame is in an up channel.
The market is near the top of the channel. It will
be a good idea to wait for the market to either
fall towards the bottom of the channel or break
above the top of the channel before looking for
long ideas.
ENTRY: Counter trend line break bullish either at
the bottom of the channel or above the channel.
LIMIT: If entry is above the top of the channel.
The limit will be 1871.6.
If the entry is at the bottom of the channel. The
limit should be just under the top of the channel.
STOP: In the sell zone.
Once or if the market gives the entry. As long
as the market stays above the 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 towards the limit
The market is near the top of the channel. It will
be a good idea to wait for the market to either
fall towards the bottom of the channel or break
above the top of the channel before looking for
long ideas.
ENTRY: Counter trend line break bullish either at
the bottom of the channel or above the channel.
LIMIT: If entry is above the top of the channel.
The limit will be 1871.6.
If the entry is at the bottom of the channel. The
limit should be just under the top of the channel.
STOP: In the sell zone.
Once or if the market gives the entry. As long
as the market stays above the 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 towards the limit
