Chart setup for Gold in 2018

2 בינו׳ 2021

Analyze two different occasions, SL hit both occasions. Don't put too much emphasis on candlestick patterns in 1hr. If you wanna use candlestick patterns, look for patterns near higher time frame zones or patterns in higher time frames. However, put more emphasis on S&R. First SL hit due to disregard of a respected support zone. You knew it was going to bounce but fell for a false breakout. Second SL hit because I did not properly mark my lower time frames. I entered too early with a short SL. Price retraced to those levels which would of been the better entry.