Long

Gold Forecast 17/02

By JaimePantoja

Updated

Market Condition: Uptrend
FBO to the Downside
Possible Scenario: Trend Continuation
Long entry at 1218

Note

Trade triggered

Note

Now after the price has confirmed its intention to go higher and now that it has reached the 1:1 Risk:Reward Ratio, It depends on you the strategy that you use in order to manage your position; off course everything is based on your risk tolerance

Note

After the price has given some signals of strength, a possible scenario for the trade management could be to trail the Stop Below the 1214 -16 area (Support Area); this in order to reduce our risk exposure and going in accordance with the price Structure

screencast.com/t/kj02F8jUT

Note

Trailing Stop

Trade closed: stop reached

Based on the new level of trailing Stop the Trade was stopped out, notwithstanding if you took half of the position when the price reached the 1:1 R:R this trae would have finished with a small gain (scratch)

JaimePantoja

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