XAUUSD Short Trade Idea Intraday SELL LIMIT
Updated
Classic Sell for Gold
Now what we see here is COMPRESSION INTO DEMAND. So we see buyers keep buying until price reaches too high for buyers to buy and sellers come into the market.
On the 28th of Feb, we saw Gold begin its decline and that is where price is heading to now before it meets its demise and fall once again.
Risk to Reward ~6
In my humble opinion, put a sell limit in that zone and forget about it. The SetAndForget Life. Lol. And you can place stoploss at the top of the zone.
Apply proper risk manangement if you are taking this trade. This will turn out to be a long term trade eventually but for intraday traders, this trade should suit you well.
Just be patient and you will be rewarded.
Til we meet again
Now what we see here is COMPRESSION INTO DEMAND. So we see buyers keep buying until price reaches too high for buyers to buy and sellers come into the market.
On the 28th of Feb, we saw Gold begin its decline and that is where price is heading to now before it meets its demise and fall once again.
Risk to Reward ~6
In my humble opinion, put a sell limit in that zone and forget about it. The SetAndForget Life. Lol. And you can place stoploss at the top of the zone.
Apply proper risk manangement if you are taking this trade. This will turn out to be a long term trade eventually but for intraday traders, this trade should suit you well.
Just be patient and you will be rewarded.
Til we meet again
Trade active
Position has been opened @ 1324.0Hold til the right shoulder is formed.
Trade active
Position is now up 60 pips, put SL in profit @ 20 pips. Now you have a risk-free trade.Note
Trade is still active, fantastic work so far almost at TP, If you took the trade at this position i posted.
We are up 280 pips right now and still holding with stoploss in profit.
Note
Take Profit is 80 pips away, I will be holding but if you so choose you can close.Note
Market open on Friday missed our TP by a measly 40 pips.But we are still deep in profit. You have the choice to close manually now or wait for TP.
Gold gave us golden pips this week!
Enjoy the weekend!
Note
We are at the same spot as we were at the end of Friday, still waiting on TP to be smashed.Patience!
Trade closed: target reached
After holding for 2 weeks, we have now reached TP A whopping 380 pips, not bad... Not bad at all.
Thank you to all who stayed with me. This is Gold literally, it will treat you well
Until next time, take care!
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