Intraday Price Action Pullback Setup | Oct. 23rd
Just wanted to share an example of an intraday price action pullback setup on Gold. Commodities have been getting hammered today, and Gold was not spared by any means. There were a couple of good breakout plays earlier, but wanted to show you a with trend pullback setup I did on the 5m chart which you can see below. Notice how the entry was right at the top of the pullback before more selling ensued?
When you learn how to trade price action, you can spot these great setups, make a quick profit with a highly favorable reward to risk play, then move on to another.
Several of my students were able to catch trades like this so hopefully you did as well.
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