GOLD - Ascending Wedge Long!
GOLD - Ascending Wedge Long! After price has been forming an ascending wedge formation over the last 3/4 days, and price has failed to break and close below the bottom of the wedge, I am taking a long position with a great R:R of 1:5 and if successful, the trade would result in +210 pips.
Trade active
Within 15 minutes of entering this trade, price has pushed up to +40 pips and I am continuing to hold and monitor.Note
+80 Pips. SL has been moved to entry (1963.81) and this trade is now risk free.Note
+120 Pips. SL has been moved to +60 pips (1970.00) to secure partial profits.Trade closed manually
+60 Pips.
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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.