Trade 6 –
XAU/USD
Asset broke through resistance and formed a new resistance earlier , the idea of the trade is to get an entry for long at the retest of previous resistance which will act like support. Take profit would be at the current high and stop loss would be just under the previous resistance. Trade would be invalid if pullback entry does not occur.
Entry – 3,056
Stoploss – 3,050 (-0.17%)
Take Profit – 3,085 (+0.97%)
RR: 5.5
XAU/USD
Asset broke through resistance and formed a new resistance earlier , the idea of the trade is to get an entry for long at the retest of previous resistance which will act like support. Take profit would be at the current high and stop loss would be just under the previous resistance. Trade would be invalid if pullback entry does not occur.
Entry – 3,056
Stoploss – 3,050 (-0.17%)
Take Profit – 3,085 (+0.97%)
RR: 5.5
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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.