Gold Reversal, Long Opportunity, 1:6 & 1:10 available
Updated
Good morning ladies and gentlemen,
Gold is ready for a reversal to the upside.
Price has broken market structure on the lowertime frames (H1 & M15).
I'm looking for price to trade back down into the region below where I'll be looking for a long opportunity with my stop below the market structure.
Looking to target these two areas above as intial targets. Based on how the week closes will determine whether I am looking for a longer term swing position.
Good luck.
Gold is ready for a reversal to the upside.
Price has broken market structure on the lowertime frames (H1 & M15).
I'm looking for price to trade back down into the region below where I'll be looking for a long opportunity with my stop below the market structure.
Looking to target these two areas above as intial targets. Based on how the week closes will determine whether I am looking for a longer term swing position.
Good luck.
Trade active
Trade closed: target reached
TP 1 hit. +6%Clean.
Stop moved to BE. Letting the other half of the position run to final TP.
Note
Stop has been raised to 1694 in profit. Very bizzare price action on DXY this evening.Trade closed: stop reached
Boom. Final TP hit.1:10 on this one!
Now we sit out and assess what the market wants to do from here.
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