My First Trade of The Year : SELL XAUUSD
Happy new year traders.
As my previous post, price has hit 1830 range.
I believe majority will short from this area and dreaming to ride a rocket to the south.
I wont repeat my past mistakes anymore. I WILL WAIT FOR SOLID PULLBACK CONFIRMATION before short this pair. Market makers will play their part.
My own trade plan:
We may get fooled with classic fake breakout thus, everyone will go for Sell. To avoid this, i have drawn blue dot line. This would be my area to observe between the yellow line. Price may pulled up before drop or, go further up to kiss the Green trendline.( lesson learned in my trading life :-)
We can see there are possibilities for the price move higher as per the green trendline. Do not rush placing our trade.
To place my SELL, i will wait for bearish candle below 1830 or near the blue dot line or green trendline. 3 colours line to pay attention.
I hope we all begin our trading life with profits till the year end :-)
Learn to trade, not trade to learn.
Good luck.
As my previous post, price has hit 1830 range.
I believe majority will short from this area and dreaming to ride a rocket to the south.
I wont repeat my past mistakes anymore. I WILL WAIT FOR SOLID PULLBACK CONFIRMATION before short this pair. Market makers will play their part.
My own trade plan:
We may get fooled with classic fake breakout thus, everyone will go for Sell. To avoid this, i have drawn blue dot line. This would be my area to observe between the yellow line. Price may pulled up before drop or, go further up to kiss the Green trendline.( lesson learned in my trading life :-)
We can see there are possibilities for the price move higher as per the green trendline. Do not rush placing our trade.
To place my SELL, i will wait for bearish candle below 1830 or near the blue dot line or green trendline. 3 colours line to pay attention.
I hope we all begin our trading life with profits till the year end :-)
Learn to trade, not trade to learn.
Good luck.
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