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Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow):
If yellow wave is successful, it'll finalize the creation of major purple project.
Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow):
If yellow wave is successful, it'll finalize the creation of major purple project.
Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.
Trade active
TP1 reached successfully,half of positions closed, for remaining shorts SL moved to breakeven:Trade closed manually
Remaining positions were closed manually as the price kept going up, the last one was kept until SL at breakeven was hit.
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Related publications
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.