First XAU trade
Updated
Hey, as you can tell from my title I'm new to the fam but I'm feeling gold and I'm feeling good.
My confluences for this trade were firstly, I noticed that price was rising on a bullish trend. As you should know if you're a gold trader that gold trades in levels. Right now gold is testing around the mid major level. Secondly, I drew my market structure just under the mid level for possible retest which occurred. Thirdly, I noticed that 3 bullish rev. signal candles tested the market structure. which indicated to me that price wants to continue in the uptrend. Don't get me wrong though, price is going to turn around in a major sell soon. I said what I said.
-bri
My confluences for this trade were firstly, I noticed that price was rising on a bullish trend. As you should know if you're a gold trader that gold trades in levels. Right now gold is testing around the mid major level. Secondly, I drew my market structure just under the mid level for possible retest which occurred. Thirdly, I noticed that 3 bullish rev. signal candles tested the market structure. which indicated to me that price wants to continue in the uptrend. Don't get me wrong though, price is going to turn around in a major sell soon. I said what I said.
-bri
Trade closed: target reached
seeeeesh, you see that? Target reached! As you can see my take profit ended up being a future support and has already been tested twice. A major break through is about to take place.
Keep your eye out!
Gold might just be my pair. Actually, let me claim that.. GOLD WILL BE MY PAIR.
yes sirrrr & ma'am lol.
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