GC in bullish trend but it's trend is getting weak. This situation leave us an option to either long or short.
If choose to wait for long entry, resistance 2 should be broken to confirm bullish. However, GC may form 2nd triangle after exit 1st triangle as drawn in daily chart.
Looking at 4H chart, GC is in correction of bearish trend. This situation is contradicting with daily chart. Anyway, entry can be made by following Ichimoku rule. Wait for Tenkan Sen (TS) to stay below GC.
Trade Idea:
1- Enter long by looking at daily chart.
2- Enter short by looking at 4H chart and take profit at 1st target level.
Conclusion for this week: GC moved in triangle. Sell Stop has not been triggered. New position has to be reviewed.
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