Short on XAUUSD
Updated
Reason for entry: Broke resistance level
Risk/reward ratio: 2:59
Potential profit: 188%
Indicators: RSI, CCI, MACD all bearish
Multiple time frame support (1W, 1D, 4H): Yes
Moving Average: Price is below 20MA
Upcoming news announcements: US election tomorrow but I am hoping to be out by then
Risk/reward ratio: 2:59
Potential profit: 188%
Indicators: RSI, CCI, MACD all bearish
Multiple time frame support (1W, 1D, 4H): Yes
Moving Average: Price is below 20MA
Upcoming news announcements: US election tomorrow but I am hoping to be out by then
Trade closed: stop reached
Result: I got stopped out with a high spike.Lesson learned: Just found out what stop hunting is!
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.