GOLD BARRICK - Long
Keeping it simple:
1. Uptrend identified after a ranging phase
a) HH/HL
b) price above 20 and 50d MA,
c) 50 d MA pointing higher
2. Trend line touched and respected 4 times
3. Relatively strong bullish engulfing with abt 1.5 ATR size
4. Value zone has been reached
Long until price closes below trendline, sloss 1 ATR below trendline or 1 ATR below bullish engulfng candle
Cheers
Ruben
1. Uptrend identified after a ranging phase
a) HH/HL
b) price above 20 and 50d MA,
c) 50 d MA pointing higher
2. Trend line touched and respected 4 times
3. Relatively strong bullish engulfing with abt 1.5 ATR size
4. Value zone has been reached
Long until price closes below trendline, sloss 1 ATR below trendline or 1 ATR below bullish engulfng candle
Cheers
Ruben
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