XAUUSD BUYS
Updated
Price yesterday closed extremely bullish. I am looking for a textbook price action trade. As we break 4H high we should have enough volume to push up and collect a 2% on this one. Stops are relatively large as volume has been insane lately due to the war. We took stops at the flip of the 4H candle to manage our risk on this trade. I am looking for a decent 2:1 RtoR. TP is basicly a wick fill to the 2070 level. This is a high probability trade. Lets see how this plays out
Note
the 1h we took our trade on has closed above previous R and is now creating its bottom wick. Once price pushes 50+ pips imma go breakeven.Trade closed: stop reached
Price came down and hit stops. I could have managed my position as the 1h closed below and the next 1 hour started breaking the lows but its something to look into in the future. Its a L today but it is what it is. looking for more opportunities this week
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.