Looking to trade the bounce
Updated
XAUUSDI'm looking for price to return to a short term support level around 1220.78
1. A buy signal would need to print like a hammer or bullish engulfing pattern in order for the setup to be valid
2. No congestion (if there is it means the bulls are battling and the support may fail
Note the support levels drawn with dotted lines.
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Comment
Setting a pending buy order at 1222.00Comment
My stop loss will be at 1209 and take profit at 1239Order cancelled
Pending order missed by 21 pips - bummer!
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