Gold Forecast 17/02

17 févr. 2016

Market Condition: Uptrend
FBO to the Downside
Possible Scenario: Trend Continuation
Long entry at 1218

18 févr. 2016

Note

Trade triggered

18 févr. 2016

Note

Now after the price has confirmed its intention to go higher and now that it has reached the 1:1 Risk:Reward Ratio, It depends on you the strategy that you use in order to manage your position; off course everything is based on your risk tolerance

19 févr. 2016

Note

After the price has given some signals of strength, a possible scenario for the trade management could be to trail the Stop Below the 1214 -16 area (Support Area); this in order to reduce our risk exposure and going in accordance with the price Structure

screencast.com/t/kj02F8jUT

21 févr. 2016

Note

Trailing Stop

22 févr. 2016

Trade fermée: ordre d’arrêt atteint

Based on the new level of trailing Stop the Trade was stopped out, notwithstanding if you took half of the position when the price reached the 1:1 R:R this trae would have finished with a small gain (scratch)