Name: Counter trend Opportunity 5min chart.
Uploaded: 2023-05-16T21:03:45.035085
Channel: DesharedPierreJr.
Description: Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.

Support and Resistance Pivot Points Multiple Time Frame Analysis goldtradingstrategy Gold longsetup 5minuteschart buygold uptrend countertrend retracement

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Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.