Education Saturday Identifying and mapping chart patterns in | Join our backup channel

Education Saturday

Identifying and mapping chart patterns in achieving 1180 pips with king!

We were selling gold the entire day on April 27th, and it fell more than 250 pips that day- These are the reasons why we were SELLING GOLD:


1. Falling Wedge: Gold is respecting the trend line and the structure of the falling wedge.
2. Supply Zone: A H1 supply zone was formed with the previous engulfing candle.
3. MACD Divergence: MACD Indicator was forming a lower high while Gold is still making a higher high.