Trade for Gold (S3): - Rising Wedge Breakdown with Exhaustion Gap and Re-Test of Wedge. - Fell into descending ML Channel with confirmation. - 2N Frequency SL yields: 2150+ Ticks PT 3.4 R/R
GLHF - DPT
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Gold continues its decline:
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Price perfectly respecting the frequencies. Trade is synced:
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Still perfectly in the channel:
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Returned to the downward channel, I'd say corrective move is done and further downside now:
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It has a new channel now:
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Target HIT:
Re-assessing for EXIT
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Continuation is indeed possible.
New ML Channel confirmed.
We move the profit stop down to 2N Frequency above the median line: