Gold - Going Short (Shift in Momentum đź”˝)
Updated
Hi Traders
I have just placed a sell limit on Gold with a pretty nice RR of 1:2.4.
The shift in momentum in line with the increasingly bearish market structure made the decision easier for me. Very simple market structure, price action approach.
If the price hits 1R (black dashed line) I will set the stop loss to break even and let the trade play out.
Let me know what you think in the comments below!
I have just placed a sell limit on Gold with a pretty nice RR of 1:2.4.
The shift in momentum in line with the increasingly bearish market structure made the decision easier for me. Very simple market structure, price action approach.
If the price hits 1R (black dashed line) I will set the stop loss to break even and let the trade play out.
Let me know what you think in the comments below!
Trade closed: target reached
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