Considering a short trade for Gold
1. Entry - at top of channel , with strong overlying resistance by 200 MAV and the monthly Pivot Point.
2. Stop above the prior channel swing high
3. Target - the bottom of channel and the Monthly S1 pivot
RR = 2.5 +
... resistance expected at range low of 1480 and prior swing low of 1462.
1. Entry - at top of channel , with strong overlying resistance by 200 MAV and the monthly Pivot Point.
2. Stop above the prior channel swing high
3. Target - the bottom of channel and the Monthly S1 pivot
RR = 2.5 +
... resistance expected at range low of 1480 and prior swing low of 1462.