GOLD Long 2018/01/03

Gold made a nice uptrend on M30 and gave 2 good entry signals. The entry signals are V-formations within the reversal zone which is the area between the green lines.

In the area of the big red X the trend was not indicated as strong by the indicator. Right of the big X the blue and orange line started leading the price strong. This tells you that the strength of the trend is good. During this area entries are allowed. Therefore, you could have entered after the rejection at the two green arrows.

Within the area of the small X entries are not allowed. Although the trend was indicated as strong by the blue and orange line, the two green lines (the reversal zone) was no longer there.

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

Connect With Me:  

This FREE Indicator Can Transform
Your Trading!!

FREE Indicator + Telegram Group

Request the Ultimate Double Top/Bottom Indicator which is used by 30,000+ traders.