Gold Longs (+130 pips and running) 16 August 2021
1. Overall all bullish sentiment on Gold.
2. Price was at the 15min demand zone and closed above the 50% level.
3. Looked for lower high formation on the 15min candle.
4. Entered longs once the 15min candle broke the top wick of the previous 15min candle with stop loss below the previous wick low of 15min candle (22pips).
5. Anticipating the price to test the above 1hr zone at 1794.00 with final take profit.
2. Price was at the 15min demand zone and closed above the 50% level.
3. Looked for lower high formation on the 15min candle.
4. Entered longs once the 15min candle broke the top wick of the previous 15min candle with stop loss below the previous wick low of 15min candle (22pips).
5. Anticipating the price to test the above 1hr zone at 1794.00 with final take profit.