XAUUSD is in well defined downtrend channel and close below the resistance and low of 09-05-2017 which was 1214, Looking to take a short entry
Short Entry at the test of 1218
with the stop at 1222
Target will be the round number 1200.
Stop will be moved to 1214.50 when price will touch to 1210.
Short Entry at the test of 1218
with the stop at 1222
Target will be the round number 1200.
Stop will be moved to 1214.50 when price will touch to 1210.
Note
TriggeredNote
Close half of position and move stop loss to break even.Note
Half Position Closed with 45 pips and half met with breakeven
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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.