gold was in a up trend creating new highs and lower highs we then waited for price to pull back down and reject of one of our two areas marked , we got in the trade on the first area with 20 pip stops and as you can see price rejected to the pip off our second lower area but we didn't get stopped out, we then targeted a key area witch price has reacted at previously.
we should of been more patient and waited for the second area but with the right stops just below the second area we was able to secure this trade .
we risk 1% on this trade
.
look for areas witch price reacts at multiple time and have alerts set to watch what price does in these areas .
we should of been more patient and waited for the second area but with the right stops just below the second area we was able to secure this trade .
we risk 1% on this trade
.
look for areas witch price reacts at multiple time and have alerts set to watch what price does in these areas .
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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.
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.