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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Numerous opportunities to long into the level and short from it. It isn't however giving the opportunity to hold the trade due to the range that has been established, so scalping only at the moment using the range low for longs and the range high for shorts. Only so many times they will play before the breakout, so please be careful with your lot sizes
CPI - Level in, hotspots plotted
We're in from the higher resistance level with stops at BE and partials taken on trades. Lower support stands here at 2020 which needs to break to clear the hotspots down below before any attempt to recover.
Resistance is the old order region 2030-35 with the bias still in tact but we're only looking for longs if we go lower down.