XAUUSD Long
Updated
Fortunately, the previous analysis was a success.
I am still anticipating that the price will continue moving bullish, because the price might break out of the falling channel.
My entry point is 1713, above the HH formed by previous 1H timeframe candles. I am using the pullback strategy for my entry position.
My Stop loss is 1697, placed below the previous HL.
My targets are 1729, 1744, 1759, which I have strategically positioned based on the overall risk-reward ratio of my position.
My overall R: R is 1: 3
Remember, risk 1 - 2 % of the account.
I am still anticipating that the price will continue moving bullish, because the price might break out of the falling channel.
My entry point is 1713, above the HH formed by previous 1H timeframe candles. I am using the pullback strategy for my entry position.
My Stop loss is 1697, placed below the previous HL.
My targets are 1729, 1744, 1759, which I have strategically positioned based on the overall risk-reward ratio of my position.
My overall R: R is 1: 3
Remember, risk 1 - 2 % of the account.
Trade active
ActiveTrade closed: target reached
TP 1 Hit!
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