Pending Sell Order on Gold
There's a possible sign that Gold is ready to go down again.
That is why we will wait for price to retrace and get a better selling price before it goes down way further.
I also have a possible buy limit order once price hits our sell target, we can expect gold also to make a bounce.
So, we enter both sell and buy pending orders since Gold is somehow ranging on HTF before this will breakout again for a stronger move on HTF.
Setting pending buy order on the blue line.
SL is our red line and the Green line is our Profit Target.
That is why we will wait for price to retrace and get a better selling price before it goes down way further.
I also have a possible buy limit order once price hits our sell target, we can expect gold also to make a bounce.
So, we enter both sell and buy pending orders since Gold is somehow ranging on HTF before this will breakout again for a stronger move on HTF.
Setting pending buy order on the blue line.
SL is our red line and the Green line is our Profit Target.
Trade closed: target reached
Boom!
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.
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.