Scenario 1:
Sell gold your entry point will be 2865 because market was open in gap and is going to fill this my first target will be 2860 and if it breaks and retest my trend line my Final take profit is 2844.
Scenario 2:
Buy gold if it does not breaks my trend line that means gold is not very bearish so in this scenario take profit of selling side and buy gold from 2858-2860 and be alert with fake breakout do proper risk management and close your buy trade manually Final Tp will be 2906
Sell gold your entry point will be 2865 because market was open in gap and is going to fill this my first target will be 2860 and if it breaks and retest my trend line my Final take profit is 2844.
Scenario 2:
Buy gold if it does not breaks my trend line that means gold is not very bearish so in this scenario take profit of selling side and buy gold from 2858-2860 and be alert with fake breakout do proper risk management and close your buy trade manually Final Tp will be 2906
Trade active
Booked 60 pips on selling side and as we discuss about fake break out so we can see a fake breakout on selling side and market filled its gap also so our buying side trade is also triggered now so enjoy your selling side profit and hold the buy positionTrade closed manually
Gain 170 pips closed your 60% trades now and take profit, hold your 40% trades for 2906 and close when it reaches the final targetNote
Final target is was hit successfully cover400 plus pips with this setup
Fundamentals & Technical Insights
Gold & BTC Specialists
Mastering Chart Patterns Together
Account management.
t.me/+a6yeLPhaskM4ZDI8
Gold & BTC Specialists
Mastering Chart Patterns Together
Account management.
t.me/+a6yeLPhaskM4ZDI8
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.
Fundamentals & Technical Insights
Gold & BTC Specialists
Mastering Chart Patterns Together
Account management.
t.me/+a6yeLPhaskM4ZDI8
Gold & BTC Specialists
Mastering Chart Patterns Together
Account management.
t.me/+a6yeLPhaskM4ZDI8
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.