trade 7 xauusd
I'm not in this trade, it's just to test my strategy.
Reasons to short
- top of rising wedge resistance
- Triple divergence on the daily
- failing volume
I would close 50% of my short at 1325$ and let the rest go IF we manage to break down that wedge. Otherwise I would close it all.
I highly doubt it would break down, but if it does, I would target MA200 at about 1250$.
stop at 1345$.
Risk 3% as always
Reasons to short
- top of rising wedge resistance
- Triple divergence on the daily
- failing volume
I would close 50% of my short at 1325$ and let the rest go IF we manage to break down that wedge. Otherwise I would close it all.
I highly doubt it would break down, but if it does, I would target MA200 at about 1250$.
stop at 1345$.
Risk 3% as always
Trade closed: stop reached
stop misplaced, must be more carefull shorting an uptrendNote
aaaaaaand it reached my target fawkNote
The trade was perfect god damnNote
fist hypothetical target would be hitNote
God damn that trade would habe been a killer
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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.