Reply To: Technical Index Trading & Analysis

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#3206
wernluck
Participant

Moneylender,
I will try to make them a bit bigger..
tbh i hardly look at price axis..it is all about the price action..
until i get round to trading obviously!

RS..
I like the look of Gold too.
I have been following it on a 240 min chart:
The last swing high has been taken out,breaking the pattern of lower lows and lower highs:trend change.
So the game now is to buy the first pullback.
I am looking for price to tag the purple median line..somehere in the green circle area.
Nice wash to put stops behind in blue shading,although ideally stops would go under the low.No doubt that will b too expensive;)
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