CFDs על זהב (US$ / OZ)

EXPLANATION OF WHAT HAPPENED THIS MORNING

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CONFIRMATION CANDLE


As I said before, these confirmation candles says a lot about the validity of a trade and I'm happy to have found something very important together with the strategy i use and they are just like gold(precious) to me , now let me explain what happened in the morning.
so as I said about the confirmation candle, once that circled candle on h1 closed bearish by 8 a.m UTC it was a signal of further push downwards not necessarily long term sells, but a further sells so you should close any buy just above it and wait for a good entry after careful analysis, but i didn't know or check a higher time frame candle/s closed was/were about to also close at 8 a.m and that is what i saw at 8 a.m after checking different time frames and hence the reason I gave a different buy entry close to the first one and asked for sl to be at 4120/15 instead of closing it,
so I wasn't wrong about the confirmation candle and the second entry, but it's because of the higher time frame candle that closed at 8 a.m, that is why i gave another buy entry and asked not to close the first entry because it was close but still markets decided to sell a bit further to test a major zone,
and let me tell you this; if market was trading in a free zone that move below the second entry(the move below 4130-25) would have signaled a further sell below 4100 and I would have given a sell entry around 4125 area instead of the another buy entry i just gave but price has been trading in or in between a major zone and it comes with a different approach and I learned this just this month, just so you know.

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