1. Tenkan-Sen crosses Kijun-Sen from below to above, with the crossover point below the Kumo cloud.
2. Senkou-Span A crosses Senkou-Span B from below to above, causing a change in Kumo cloud color.
3. Chikou-Span is above the price line and the wider the gap, the better.
If all these signals occur simultaneously, investors may execute a Buy order in favor of the potential uptrend. Reversal Buy orders follow similar signals, but investors need to accurately identify the trend (signals indicating weakening trends, potential reversal signs).Entry Point: Based on bullish green candle signals at convergence zones of indicators.
Stop Loss: Below the nearest and significant support. Always remember to manage your account, be prepared to allocate for Stop Loss from 5% - 8% of the account.
Take Profit: At key Fibonacci Extension levels, ensuring the trader's Risk-Reward ratio.
2. Senkou-Span A crosses Senkou-Span B from below to above, causing a change in Kumo cloud color.
3. Chikou-Span is above the price line and the wider the gap, the better.
If all these signals occur simultaneously, investors may execute a Buy order in favor of the potential uptrend. Reversal Buy orders follow similar signals, but investors need to accurately identify the trend (signals indicating weakening trends, potential reversal signs).Entry Point: Based on bullish green candle signals at convergence zones of indicators.
Stop Loss: Below the nearest and significant support. Always remember to manage your account, be prepared to allocate for Stop Loss from 5% - 8% of the account.
Take Profit: At key Fibonacci Extension levels, ensuring the trader's Risk-Reward ratio.
Note
Note
I think the gold price will decrease slightly and then increase again
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Related publications
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.