A Range Based Gold Trade
Updated
Price is closing within an obvious range between 1950 and 1970. The trade is based upon trend direction, the range, support and resistance and resting liquidity.
Price has just sweeped below the range again liquidating stop losses and protective sell stop orders etc.
I am now expecting price to return back to the top of the range and the possibility of price moving into the liquidity zone above the range is highly likely in my opinion. This is where I have set my profit target.
Price has just sweeped below the range again liquidating stop losses and protective sell stop orders etc.
I am now expecting price to return back to the top of the range and the possibility of price moving into the liquidity zone above the range is highly likely in my opinion. This is where I have set my profit target.
Trade closed: target reached
Profit Target has been reached as expected. Partial close and move stop loss to break even.
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