Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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USD pairs were the ones to watch this session. GBPUSD and USDCAD running well.
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Please support us and the free channel by hitting the like/boost πŸš€ button πŸ™ on our Tradingview ideas

Website: Join us here (open) πŸ‘‡
www.knightsofgold.co.uk


CLICK BELOW πŸ‘‡
FREE TRAINING AND INTRO TO KOG
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VIEW IN TELEGRAM
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Pre-event price action:

Trend within trends on the smaller timeframes

Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction

Ranging price staying close to short term MA's

Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range

Ask yourself these questions:

Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?
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Hot spots completed here. Planned at the beginning of the month, and it's worked near enough to the point. No trades going in on my side, simply observing and being patient.
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