Long

XAUUSD buy

Updated

I have opened a buy at the ma 21 on the 1 hr.
The 4 hr is looking like it could make a move higher and the daily is showing a large bottom on the williams vix.
I am a little late posting this idea it is moving fast but if you are going to take this trade I recommend placing your stop just below the sma 21.

Note

The ss on the daily is also looking weak and pointing into the future cloud which is often a sign of a fast move against trend.

Note

Looking to exit around the 1280 mark but I will see how strong the move is and try and time my exit as best I can with price action.

Trade closed: target reached

Ive closed this trade and taken profits as it is trying to hard to break that level of resistance which it may well do but I have a healthy profit in a fast trade.

Note

If it does break through that resistance level I might take another trade.

Note

Jumped in again at the breakout but missed most of it but did add to my profits a fair amount hopefully some of you hung in there!, thats the way it goes.

Note

I think there is fair bit more in the move 1280 is within easy reach.

Note

Back in the trade with a much smaller lot size thinking it will hit 1280 but if it doesn`t I will protect most of my profits regardless.

Trade closed: target reached

Note

Meant to put manually closed trade for a small loss, made some great gains on this trade not prepared to risk them, market is all over the place lately.

dcargotrades

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.