Hello Traders!
After the descending channel and a strong bullish candle, I have taken the long trade. Gold is on an uptrend as you can see in the chart.
Market-BUY: 1776.26
Stop-Loss: 1772.00
Take-Profit: 1788.50
Stop-Loss: 42 pips
Risk: 1%
Risk-Reward: 2.67
What do you think?
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After the descending channel and a strong bullish candle, I have taken the long trade. Gold is on an uptrend as you can see in the chart.
Market-BUY: 1776.26
Stop-Loss: 1772.00
Take-Profit: 1788.50
Stop-Loss: 42 pips
Risk: 1%
Risk-Reward: 2.67
What do you think?
Thank you for checking my idea out. Do not forget to Like, Comment and Follow for more ideas.
Note
Very good setup. Taken partial profit and SL at break-even...
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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.