GLD Trade on Apr 6, 2020 12:08 from slowelim: Tradervue User Stock Trades.

Trend Analysis & Price Action:
This stock demonstrated a solid uptrend setup with an inverse head and shoulders pattern on the hourly chart. The daily chart showed a gap up and tremendous buying price action.
Going long was a valid decision as we traded with the primary trend.
Drilling down from the daily chart, the entire trade setup looked good.
We went long on bullish price action and a primary uptrend.
2/2.
Multiple Time Frame Analysis:
As per multiple time frame analysis we noticed an inverse head and shoulders pattern on the hourly and a strong gap up on the daily chart. Buying on the smaller time frames was smooth and steady.
1/1.
Confluence Analysis (Not 100% necessary, but good to have!):
-Hourly Inverse Head and shoulders pattern
-Daily Gap up
-Hourly 4BP setup/15m tight breakout.
1/1.
Thought Process:
We took on this trade with the 2R AON approach.
We entered on the breakout of the breakout setup and set a stop loss at the low of the breakout setup. The profit target was at: ENTRY + 2R.
1/1.
Trade Score (out of 5):
Trade Score: 5/5.