September 22, 2015

Gold Futures Day Trading Strategy Review – Selling channel highs on a BOPB

Gold 512 V

Gold had a big fall this morning with sellers fully in the market smacking price down with bearish channel resistance.

This gave a retrace back to resistance where the sellers slammed back in for a BOPB short.

This setup gave a potential move for 10, 21, and 30 ticks back to major support at the MM!

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