Use this as a guide to develop your setup.
Based on the Technical structures we can see on the chart, our main vision is Long for Gold because:
-Price above the cloned channel
-Pennant Pattern (Continuation structure)
-Our Setup for a bullish trade will be set IF the price breaks above the pennant pattern and then makes a corrective movement. We will place our orders above that corrective movement
Also, we have seen on the past how the price started bearish movements despite the bullish technical scenario, for that reason, this is how we will trade it on that case:
-If price breaks below the upper trendline of the cloned channel, we will expect a corrective movement and we will set our orders below the corrective wave, with our target on the lower trendline of the pennant pattern
Based on the Technical structures we can see on the chart, our main vision is Long for Gold because:
-Price above the cloned channel
-Pennant Pattern (Continuation structure)
-Our Setup for a bullish trade will be set IF the price breaks above the pennant pattern and then makes a corrective movement. We will place our orders above that corrective movement
Also, we have seen on the past how the price started bearish movements despite the bullish technical scenario, for that reason, this is how we will trade it on that case:
-If price breaks below the upper trendline of the cloned channel, we will expect a corrective movement and we will set our orders below the corrective wave, with our target on the lower trendline of the pennant pattern
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。