XAUUSD Short Trade Setup
Updated
Hello traders.
I'm expecting a regular flat as corrective structure on gold. There is possibility for more up side but I believe that the potantial of it is very limited. I will take a short trade after break out. Then I will move my stoploss to breakeven, when it break previous bottom (1320) and leave it alone. If it turn up, my trade will be riskfree. The forecast is here:
You can watch the video analyse on Twitter. Link is in profile page.
I'm expecting a regular flat as corrective structure on gold. There is possibility for more up side but I believe that the potantial of it is very limited. I will take a short trade after break out. Then I will move my stoploss to breakeven, when it break previous bottom (1320) and leave it alone. If it turn up, my trade will be riskfree. The forecast is here:
You can watch the video analyse on Twitter. Link is in profile page.
Note
Move stoploss to breakeven.Note
I'm waiting for a deeper correction, then I will close the trade.Trade closed: stop reached
Stopped out with breakeven. It didn't make deeper correction.
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.