Pullback on SHOP. 10/16/2020
SHOP is a Royal setup and has triggered on a 15 minute. Your risk is defined.
SHOP is a Royal setup and has triggered on a 15 minute. Your risk is defined.
As gold trades in an “inside day” (I explain what that is in this video) I am waiting for the markets to breach (trade higher) through a key level.
This update was made with new members and traders not familiar with my daytrading approach in mind.
In this video, we look at the price action today and this past week to try to make heads or tails of what the market is telling us. We are in a news driven market with many events on the horizon in the near term.
With an 1896 intraday trigger from the sell-off yesterday, we have another level and another opportunity to get long gold again.
There is a simple three candle pattern I scan for when the market could be ready to stall and reverse/pullback. Here’s how it looked today as it was happening. Important for day-traders and daily time frame traders alike.
Get ready for the premium suck…
While I plan to hold this honey badger through expiration, keep in mind what happens to most calls that expire Friday.