-Level Markers: Plots key $10 and $5 levels in the gold market.
-Zone Indicators: Optional wick and FVG zones for deeper analysis.
-Trend Option: There is an option to show trend by changing candle color, which you can choose to remove based on preference.
Strategy Insights:
-Momentum Disclaimer: This is a momentum strategy, and it works best when price starts to trend. Make sure price is not choppy, as it can break the $5 level, but the signal is not valid if the market is in a range or choppy conditions.
-Risk Management: Typically, a $5 stop loss is used with a $10 take profit for this strategy. Trade Setup Example: Look for price rejection at a $10 level and subsequent close above a $5 level on the 15m chart for a potential buy signal.
-Flexible Use: The strategy is still evolving—experiment and find your unique path to profitability. Feel free to contact me if you need help. I've used this strategy to pass prop firms and receive payouts.
Why It Works: GC1!GC1! These levels are based on proven market behavior and offer clear entry and exit points. It's your turn to try it and discover an edge.