The GC One hour time frame is in a short term
down trend. The market is finding support at the
back side of the old up channel. It is a good idea
to wait for the market to break and close above the
down trend line before looking to buy.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone below the entry
LIMIT: 1810.10
As long as the market stays above the support
level of the old up channel. It will be a good
idea to turn to the five minute time frame and
to look for tunnel trader long / destination
trader long opportunities.
down trend. The market is finding support at the
back side of the old up channel. It is a good idea
to wait for the market to break and close above the
down trend line before looking to buy.
Entry: Counter trend line break bullish in the
buy zone.
STOP: In the sell zone below the entry
LIMIT: 1810.10
As long as the market stays above the support
level of the old up channel. It will be a good
idea to turn to the five minute time frame and
to look for tunnel trader long / destination
trader long opportunities.
