Hi,
Here we can see two order blocks for gold. the 1H order block got tapped into on Mondays fall. and is now bullish up to 1820 where we have another order block that will show us some downside price action
Three reasons gold will short over 200 pips today.
1. 4H OB
2. Elliot wave c about to commence if you count the impulse and corrective waves
3. price is in an ascending channel showing us it will break downwards at some point.
Free Trade for this chart.
Sell Limit @ 1821 sl 1821.75 tp 1775
Max Margin.
1.5 lots = £75 risk for £5345 Profit.
Here we can see two order blocks for gold. the 1H order block got tapped into on Mondays fall. and is now bullish up to 1820 where we have another order block that will show us some downside price action
Three reasons gold will short over 200 pips today.
1. 4H OB
2. Elliot wave c about to commence if you count the impulse and corrective waves
3. price is in an ascending channel showing us it will break downwards at some point.
Free Trade for this chart.
Sell Limit @ 1821 sl 1821.75 tp 1775
Max Margin.
1.5 lots = £75 risk for £5345 Profit.