Taking a look at Gold we can see that this pair has just hit the targets from a daily perspective. If we take a look at the weekly chart of Gold we can see that this market is getting very over extended and we could expect the pair to give a retracement and start a move to the downside. At this stage Gold is still too bullish to look for a short so this is what I will do. In this area where we are now I will be monitoring Gold, waiting for a shift from a bullish market to a bearish market before taking the short to around the 1837.737 area. Remember to not just get into a trade before getting the right confirmation. Use a proven profitable rule based strategy before taking any setups. Always remember to use risk management.
Transaction en cours
Trade fermée manuellement:
Market started making a big sign of reversal after rejecting a Order Block around 1810.000. Closed out with 16Risk to reward profit.