XAU/USD (GOLD) TRIANGLE BREAKOUT - READY FOR LONG ????
What I see right now is Triangle BREAKOUT but I AM NOT GONNA ENTER ANY LONG POSITION for two reasons below:
1. Wyckoff Distribution (The end of Distribution).
2. CHANGE BIAS??? I would like to see XAU up over 1770 first.
REMINDER: Please calculate R:R carefully before entering a position. Only risk 1% for every trade. This way helps traders live in the MARKET for good.
THERE IS NO EXCUSE for any one risk over 10% or 20%, they will be slapped in the face by MARKET.
What I see right now is Triangle BREAKOUT but I AM NOT GONNA ENTER ANY LONG POSITION for two reasons below:
1. Wyckoff Distribution (The end of Distribution).
2. CHANGE BIAS??? I would like to see XAU up over 1770 first.
REMINDER: Please calculate R:R carefully before entering a position. Only risk 1% for every trade. This way helps traders live in the MARKET for good.
THERE IS NO EXCUSE for any one risk over 10% or 20%, they will be slapped in the face by MARKET.
Note
This is the previous idea. SUCCESSFUL TRADE. TP over 140 pipsBEFORE :
ATER:
Trade active
XAU heading to 175x or 176x ?? Be careful with Volume Trade closed: target reached
TOOK ALL PROFIT, CLOSED ALL POSITIONWait for new signal
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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.