⚡️♦️Breakdown of the Big Gold Short♦️⚡️

23 Nov 2021Greetings To You Traders

▫️Let’s break down this superb trade timeframe by timeframe
▫️One of the the most important factor in our lives is Time.
▫️It also proves to be very important In our trades as well

I will break down this trade in the same way I did when I took it on Friday
I use just 4 things in my trading:
1. Recent price Structure ( Supply and Demand)
2. Overall Structure (Support and resistance)
3. Structural moves ( Higher Highs/ Higher Lows ( Uptrend)
4. Structural moves( Lower Highs / Lower Lows ( Downtrend)

▫️First Time frame : Daily
Key factor : Resistance level
Looking at the daily timeframe you could see that price had reached a previous support now turned into resistance
This is a textbook market structure move and is very profitable if traded well



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▫️Second Time Frame : 4 Hour
Key factor : Supply Zone
Looking at the 4 Hour time frame I saw a nice supply zone and all I was waiting for was the wick rejection and entry on smaller TF



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▫️Third time Frame : 1 Hour
Key factor : Structure move ( lower lows )
Look at the 1 hour time frame I observed that the market was now making lower lows
Very typical for price to do so in a down trend and that is when I started loading up my lots
My stops were above structure and I took the plunge



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▪️I hope this breakdown can help you in executing your own trades too and using multi time frame analysis

▪️Be kind and leave a like and a follow : )

God bless you all

Slick✨