Bullish sentiment on XAUUSD.
Price continued creating new highs. The last high created left behind a possible AOI for price to retest.
As price retested the AOI, Trade would be placed, targeting the hourly high or further.
Trade would currently be in profit, with minimal drawdown.
Trade management is key. SL can be moved to BE and/or Partial profits could have been taken.
Let's see if price reach our hourly target.
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Note
Hourly target almost reached. SL definitely at BE, 50%-80% profit would be taken= Risk free tradeI submitted the idea after the entry would have been triggered for learning purposes. If you prefer the analysis before the trade is triggered, Comment down below
Trade closed: target reached
Price reached Profit target and never looked back
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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.