Hey Traders so here is an example of how to trade the uptrend in Gold. Watch for pullbacks to the trendline then place trades and use risk management. This is why you don't need indicators all you need is a simple trendline, basic fibonacci levels and support and resistance knowledge. As you can see sometimes these 3 bar Trend lines can be the actual long term trend!
Here is a close up of why want to draw the trend line early.
Hope it helps your trading,
Enjoy!
Clifford
Here is a close up of why want to draw the trend line early.
Hope it helps your trading,
Enjoy!
Clifford
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.