GOLD H4 CHART

GOLD Trade Idea : Intraday October 10th

We look for a potential short opportunity

Chart Time Frame: H4

Pattern: Bearish Bat

ENTRY: 1.290 – 1.293

SL: 1.297

TP1: 1.281

TP2: 1.276

Valid for 2 H4 Bars.. Wait for the H4 Bar Closing.

UPDATE:

TRADE EXECUTED AT 1291.29…CURRENT LEVEL IS 1288.17.WE RECOMMEND TO MOVE STOP LOSS TO 1.293 AND CLOSE 30% OF THE POSITIONS.

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Warning: All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases.

If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

WARNING ABOUT TRADE IDEAS

  1. We enter trades on different pairs and we look for other trade opportunities. So we recommend you to enter trades with the smaller size.
  2. Do not exceed 10% margin.
  3. Stop Loss and Take Profit Levels are +/- 15 pips minimum.
  4. If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.
  5. Some trades ( especially with 300-500 pips profit target) can take 5-6 days to hit the targets. If you do not have patience, do not enter the trade.
  6. Our aim is to close each with week 2500-3000 pips profit minimum.
  7. If we mention as “pullbacks are buying/selling “ opportunities and we publish pullback levels, you do not need to wait for a signal from us. Use these opportunities at the mentioned levels.
  8. All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases. If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.
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