This is my trading setup for Gold in Malaysian Ringgit (XAU/MYR) on the 1-hour chart.
1. Entry Zone: I'm looking to enter the trade around the price level of 445.46 to 446.16. This is where I'll anticipate buying will occur based on market structure.
2. Target: My profit target is indicated at the level of approximately 456.24. This is where i expect the price to rise
3. Stop Loss: The stop loss level is set around 443.22 to 443.53. This is to protect against losses if the market moves against my position.
1. Entry Zone: I'm looking to enter the trade around the price level of 445.46 to 446.16. This is where I'll anticipate buying will occur based on market structure.
2. Target: My profit target is indicated at the level of approximately 456.24. This is where i expect the price to rise
3. Stop Loss: The stop loss level is set around 443.22 to 443.53. This is to protect against losses if the market moves against my position.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.