Gold targets 19/12/2024
Hi guys, I hope you are doing well))
** Time frame I used for my analysis is 1H and 4H and daily frame. on chart is the 4H frame
** If the price breakthrough the red downtrend line so it will EXPLODE to the upside and I sat three TPs for that expected bullish wave.. but most important to break through not by a wick but by closed candle above the line.
** Tp1 means to close the trade and then to see if there is consolidation then breakthrough in the trade direction or to see that it retraced to the opposite direction of the trade then came back then (WAIT) till it settles down on by body or wick then to go in the trade direction only then you could re-enter to TP2 and for TP3 same way.. that way will save your profits and avoid unexpected movements
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
** Time frame I used for my analysis is 1H and 4H and daily frame. on chart is the 4H frame
** If the price breakthrough the red downtrend line so it will EXPLODE to the upside and I sat three TPs for that expected bullish wave.. but most important to break through not by a wick but by closed candle above the line.
** Tp1 means to close the trade and then to see if there is consolidation then breakthrough in the trade direction or to see that it retraced to the opposite direction of the trade then came back then (WAIT) till it settles down on by body or wick then to go in the trade direction only then you could re-enter to TP2 and for TP3 same way.. that way will save your profits and avoid unexpected movements
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Trade chiuso: obiettivo raggiunto
TP1 is reached
Nota
TP2 is reached
Moustafa Marei
Moustafa Marei
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