This weeks swing trade we are targeting a pullback to previous support before entering a buy.
Target for the sell entry first is enter at 2769 expecting to bounce at resistance at 2747 for a gain of 226 pips.
On the buy side looking at entering at 2745 expecting a push to 2799 for a swing of 543 pips.
Trade is based on higher time fram analasis of both support and resistance plus trend lines .
As always with these type of trades use reduced lot size so you can afford to stay in the trade with drawdown longer.
For the last week we have seen Gold make a new all time high and 2800 will be tested this week.
Last weeks trade never activated but the bullish direction was right.
Hope we all have a good week in trading this week , ill update as the week goes on
Target for the sell entry first is enter at 2769 expecting to bounce at resistance at 2747 for a gain of 226 pips.
On the buy side looking at entering at 2745 expecting a push to 2799 for a swing of 543 pips.
Trade is based on higher time fram analasis of both support and resistance plus trend lines .
As always with these type of trades use reduced lot size so you can afford to stay in the trade with drawdown longer.
For the last week we have seen Gold make a new all time high and 2800 will be tested this week.
Last weeks trade never activated but the bullish direction was right.
Hope we all have a good week in trading this week , ill update as the week goes on
Trade active
sell smashed 220 pips buy now active running 240 pips , target is 2799 which i think we will reach today Trade closed: target reached
Smashed 714 pips on the buy trade closed new trade coming
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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.