GBPAUD took this trade yesterday. took 70% partial letting my runner run
long play on eu played out perfect. looking for a possible sell now
current position in gold with no indicators. trailed sl and added to position.
Getting some backtest time in. Aiming for the daily resistance for sell opportunities. Missed out on some buy opportunities but after seeing it its starting to make sense and i have a better understanding on what to look out for.
going for a 24 pip goin and risking 7. Trying to gain at least 10% profit weekly. The more i progress the more funds i'll add.
Last analysis was a bust. Lesson learned don't predict a pattern will form and ignore HH and HL. This i took all that into account and it played out in my favor.
Keeping my stop loss the same but will be trailing my stop loss if this trade goes in my favor. My previous take profit zone is now my partial take profit zone and my new take profit zone has been moved down to 3111.51. which is also the zone for a possible buy opportunity or if broken and pulls back and acts as resistance it could be a possible sell set up .
Possible H/S pattern on the 4H chart. Did some mark ups for possible long and short positions if it continues to head down. Lets see how it goes
Learning how to use trading view. couple mess ups on my long with trying to close partials and moving my stop loss up lol but you can see where the original entry and stop loss was placed.