Gold Spot / U.S. Dollar

Short

TRADE IDEA XAUUSD 11/7/18

Updated

Alot of exhaustion on the Daily time frame around the 1237.5 level. We also have a M created on the Daily as well with emas coming closer and looking to turn over. We also had a break of 1225 a quatrely level and the 1-4hr emas have crossed to the downside. Also M on the 2 hour looking for 1220 for the first target and 1212.5 the second target. Risking 30 pips

Trade closed: stop reached

-15 PIPS EXITED TRADE LOOK FOR ENTRIES LATER

Trade active

Psychological mistake- took opionoions of others and exited the trade big lesson learned

Note

Analysis was right if you took it +116 pips

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