Long Entry for XAUUSD
Updated
Gold is struggling to break above 1795.000.
You will see two candlesticks that I drew on that line.
A & B: 30-MIN Timeframe, we want price to break and close above 1795.000 with a strong bullish candle.
C: Go down to the 5-Min Timeframe, this is where we will look for entry.
D: We want the 5min candlestick to close and look similar to the one I drew, The candlestick must retest 1795.00 with only the wick, and close above that level. When 5 min candle has closed we can then take our entry.
20 pips in profit, move SL to Break even.
TP 1812.500
You will see two candlesticks that I drew on that line.
A & B: 30-MIN Timeframe, we want price to break and close above 1795.000 with a strong bullish candle.
C: Go down to the 5-Min Timeframe, this is where we will look for entry.
D: We want the 5min candlestick to close and look similar to the one I drew, The candlestick must retest 1795.00 with only the wick, and close above that level. When 5 min candle has closed we can then take our entry.
20 pips in profit, move SL to Break even.
TP 1812.500
Note
Draw Down of about 15 pips, my SL was on -20 pips stop.Movie SL to Break even, we are 60 pips in profit
Note
SL hit,luckily SL was on BENote
for those who kept the trade, you will must be at least 100 pips in profit.TP: 1812.500
Note
TP HIT
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