Knights of Gold (Gold/FOREX Analysis/Trade ideas)

Perfect entry and exit on the Red box algo. Only one decent set up on this during the NY open, think that's enough for today. Support plays 2640 with resistance 2655 which will need to break

No bias today due to the pre-event price action and range expected to form. We're going to be taking it easy on this group today. Any important updates, of course, we'll share with you all.

Red boxes

Pre-event price action: Trend within trends on the smaller timeframes Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction Ranging price staying close to short term MA's Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range Ask yourself these questions: Do I understand intra-day levels? Do I understand pre-event price action? Do I understand trading with ranges and price accumulation? Do I have a risk model that protects me and my account no matter where the price goes?

You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.  📱 Invite link: https://t.me/KnightsofGold Find us on: Website: Join us here (open) 👇 www.knightsofgold.co.uk There is an option to contact us on the the website if you have any queries Email: contactknightsofgold@gmail.com 📱 Instagram: https://www.instagram.com/knights_of_gold/ 📱 X: https://twitter.com/KnightsOfGold2 📊 KOG's Broker of choice:  Hantec Markets https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm We appreciated all your likes, follows and comments.  Give us a follow, share the group and keep up to date with KOG.

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This

Anyone short the bias level please protect 50pips

We're approaching NFP so we should all be taking it easy on the markets. If you're new to trading or less experienced, know that money in your account is a position in the market, you don't need to trade every day! If you are going to trade, make sure every thing lines up and the chart makes sense to you, the structure is right and please make sure you have a risk model in place. There is nothing wrong with testing the levels, but testing levels with no risk model in place then simply fooling yourself into thinking it's a swing trade, will really damage your account.

1H Red Boxes

That was done, small tap and bounce but nothing significant. Nice start to the day though