Gold Future - 2 ways to trade with EW - 22 Feb
Gold Future - 2 ways to trade with EW - 22 Feb
Trying a random analysis in 3o min time frame - with the chart on the screen. Nothing more
On daily chart, we had 2 key dates, one was on 18-02, next is on 26 feb + 1, 3rd one on 19th March. On 18-02 it made the highest close candle. Check the day chart below
If we calculate overall with Big picture, possibly it will be an alternate drawing where it is going up as leg 3 making in 30 MTF. Check the chart below.
in the current chart, we say want to go down , and that case Keep 86150 as SL = Invalidation line for going alternate scenario.
We are expecting then 84900ish as Target with 86150 SL. Which deciding such, see the key times marked on chart,based on the movements we can take the easy trade !!!
Trying a random analysis in 3o min time frame - with the chart on the screen. Nothing more
On daily chart, we had 2 key dates, one was on 18-02, next is on 26 feb + 1, 3rd one on 19th March. On 18-02 it made the highest close candle. Check the day chart below
If we calculate overall with Big picture, possibly it will be an alternate drawing where it is going up as leg 3 making in 30 MTF. Check the chart below.
in the current chart, we say want to go down , and that case Keep 86150 as SL = Invalidation line for going alternate scenario.
We are expecting then 84900ish as Target with 86150 SL. Which deciding such, see the key times marked on chart,based on the movements we can take the easy trade !!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.