Updated: Sep 20, 2022
Good day TT,
Last week overall market shift is sentiment: to more risk assets
Here is some of the trades that I did
Last week I have reviewed that I will go short when the support is broken. However price has rejected the resistance level and I had just short when the market opened during the night session
Reason: Resistance in a consolidation pattern and price got rejected
On Week One, I have also identified to go short when the support is broken and last week price when passed the support line and is looking bearish!
Reason: Shift in price trend – to bullish to bearish Broke neckline support Volume divergence
Just go long! Price seems to be peaking BUT I will only wait for confirmation to short! If not just stay LONG by following trend following identification!
Power of 1 / 2 Very bullish market
Trade set up
I will be looking to go long in GOLD if the price break pass this resistance line. As I have discussed last week, weekly candle didn’t close in red and that is not a good sign to short!
Happy and safe trading!