Trader Alan Solarsh at Beacon Island Hotel in Plettenberg Bay previews a live forex session. Price is near the 50-period moving average in a sideways channel, and he's waiting for a breakout above or below nearby fractals before entering a trade.
So today we'll be trading from the Beacon Island Hotel in Plettenberg Bay. I just want to give you a little preview before we get started. And this is how we trade on a daily basis. Magnificent. So let me show you the chart. So let's take a screenshot quickly. And you can see here that the second candle has opened below the atma. But we're on the 50 moving average. And if you look closely, we're in a sideways channel, so. So we're waiting for the candle to break out either north above this fractal, or break out south. I would say below this fractal over there. And then we'll have direction. So at the moment, we're just sitting on our hands and waiting. I'll check in with you for the next video and show you what's happening.
Double bottom forming - Gold ready for $4000 #trading #technicalanalysis #xauusd
