GOLD LONG

-test of 200 EMA and 4H trend support.

Transakcja zakończona: osiągnięto poziom stop:

SL HIT

Komentarz:

(For my trading journal), don't be dependent on trading off of EMA's, use in conjunction to other tools, use 200 EMA to identify trend in higher timeframe and trade accordingly to my own plan.

I should've placed a Support at the previous swing at 1401.20 because price ended up testing this area 3 times now.

Trend line should be placed on most previous areas; for a cleaner analysis, make sure they're through wicks and not the body. (1403.25, 1407.84 & 1413.67) then due to price being even more restricted after the 3rd test of resistance, shows price ready to break trend support and I could've entered on the break to go short.