(EP #15) Kelvin Trade Ideas - XAUUSD Bat Pattern 2020-01-03

2 בינו׳ 2020

A bearish bat is completed in four hour chart, it provides a potential reversal zone (PRZ) from 1528.50 to 1525.00. In the longer time frame charts, the market shows us it is in a uptrend, so this selling opportunity is a counter trend trade. I am waiting for more candlesticks show up, If the market shows me a double top pattern or RSI divergence, I will short the market because they are the ideal confirmation signals. I will use PRZ top 1528.50 as my sell order's entry price.

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