Trader_Joe_Lee

XAUUSD inside day and intraday harmonic patterns and S/D zones

Trader_Joe_Lee Uppdaterad   
FX_IDC:XAUUSD   Guld / USA-dollar
Gold had an inside day yesterday in a very tight consolidation.
In this hourly chart, it's clearly that there will be a harmonic patterns and S/D zones combination trade whichever way it breaks.
That did make some sense to better interpret the inside day.

After all, inside bar trading in consolidation is kinda a high risk / low reward trade,
won't be willing to trade both side as it will hit one of the combination before 1st kick.
While, in an day-trade perspective, the direction it breaks still matters.(but not worth trading directly)


Accordingly, my conclusion is that I'll still pay attention in the direction it breaks today, but find a intra-day low risk set-up to follow the direction;
Once it hit one of the combination trade, turn into the consolidation mode to look for reversal sign.

Let's see how it goes!
Kommentera:

tried some long on this inside hour after inside day breakout
let's see how it goes!
Kommentera:
1209.5 hitting,
Flip long to short and see how it goes yo!
Kommentera:
got the 1st kick on the 1209.5 short @ 1206 yo

Trail the others!
Kommentera:
Kommentera:

Nice harmonic patterns and supply zone combination!!

gotta take profit or even flip down there!

Winner winner chicken dinner~~

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.