Hi,
This is my first post with a trading plan for an intraday setup.
Gold, since few days, is ranging between 62 and 50. So i build this setup from this postulate.
In range, sell top of range, buy the bottom.
So, i'm expecting a test of 1250 again to complete a bullish shark.
Buy to target 1256, the middle of the range (resistance), where gold could complete a 5-0 bearish. Short.
Then a last leg down on 1246 to complete a gartley bullish pattern on likely high volatility with the yellen's speech. Buy
We are in indecision, and i'm expecting a weekly close with a doji (close about 1255/56).
Obviously, above 62, this setup is out of date.
This is my first post with a trading plan for an intraday setup.
Gold, since few days, is ranging between 62 and 50. So i build this setup from this postulate.
In range, sell top of range, buy the bottom.
So, i'm expecting a test of 1250 again to complete a bullish shark.
Buy to target 1256, the middle of the range (resistance), where gold could complete a 5-0 bearish. Short.
Then a last leg down on 1246 to complete a gartley bullish pattern on likely high volatility with the yellen's speech. Buy
We are in indecision, and i'm expecting a weekly close with a doji (close about 1255/56).
Obviously, above 62, this setup is out of date.
