Gold has retained its bullish structure this week, consequently creating higher highs in the process. I've placed my entry using a pending order at a support level which it initially broke before London open, targeting the next swing high for a 1:4RR, placing stop loss below the next swing low. I shall be monitoring this trade and dropping relevant updates as well. Happy trading!
Trade active
Trade is active. Risk only what you can afford to lose. Proper risk management of 1-2% is advised.Note
You can now put your stop loss at breakeven and lock in your profits. Trade closed: stop reached
Trade moved 80% to our target but couldn't quite break over that swing high barrier.So we broke even on this one, looking to catch a better move tomorrow.
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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.