Gold was coming back to a key Supply zone and this was second leg retracement. Retracement happened during Pre-GBP session and waited for 8.00 for more volume.
Upon seeing more volume coming in and Price pushing to 2087.500 I zoomed into the 5mins & 1min waiting for a bearish engulfing. Once I saw this entered @2087.500 with sl@2090.500 risking(30 pips).
TP1: 2083.500 TP2:2081.00 TP3:2081:00. TP4: 2075.00 TP5:2070.00. TP6:2060.00
* Where has the market moved since I entered my trade? PROFITS
* If I looked at the market now, would I take the same trade? YES
* How do I feel about my trade? OPTIMISTIC
* What do I like about this trade ? waited patiently for ENTRY & also additional confluence
* What do I dis-like about this trade now? nothing
* On a scale of 1 to 10, where would I rate this Trade now? 8/10
* If I were not in a trade now, would I take the opposite trade ? no
Upon seeing more volume coming in and Price pushing to 2087.500 I zoomed into the 5mins & 1min waiting for a bearish engulfing. Once I saw this entered @2087.500 with sl@2090.500 risking(30 pips).
TP1: 2083.500 TP2:2081.00 TP3:2081:00. TP4: 2075.00 TP5:2070.00. TP6:2060.00
* Where has the market moved since I entered my trade? PROFITS
* If I looked at the market now, would I take the same trade? YES
* How do I feel about my trade? OPTIMISTIC
* What do I like about this trade ? waited patiently for ENTRY & also additional confluence
* What do I dis-like about this trade now? nothing
* On a scale of 1 to 10, where would I rate this Trade now? 8/10
* If I were not in a trade now, would I take the opposite trade ? no
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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.
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.