Possible Buy Move
Updated
If you saw my previous gold trade idea you'll see that I caught a decent sell move. Price hit my first take profit, then started showing rejection to that area so now I'm switching to a buy move.
Risk will the the same as last trade: RR: 2.60 so if this trade ends up being a loss I'm still in profit overall on gold but if it ends up continuing to reject this zone and push back up to the previous zone then that'll be an easy 56 pips secured.
Let me know your opinions below.
Risk will the the same as last trade: RR: 2.60 so if this trade ends up being a loss I'm still in profit overall on gold but if it ends up continuing to reject this zone and push back up to the previous zone then that'll be an easy 56 pips secured.
Let me know your opinions below.
Trade closed: target reached
Price literally tapped the take profit price to the tee, let me know if you caught this move.
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.