XAUUSD
A short-term local rise in the asset is expected after filling the imbalance on the 2-day timeframe and absorbing a lot of sell-side liquidity. This trade is quite risky as a continued decline of the asset is possible. Therefore, I will allocate 1% of my deposit for the trade but with a large stop loss, as I might average down the position.
Trade active
Trade closed: target reached
After the manipulations, a distribution occurred, and our targets were successfully closed by the Take Profit !
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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.