A short position on XAUUSD and why.
XAUUSD has been on a clear downtrend on the daily time frame. My job has a trader is to go with the flow, that is, trade the continuation. Knowing this, I waited for a clear break of structure as you can see on the 1hr time frame. Now waiting price to hit my sell limit order to go short with a fixed RR of 3:1
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