Focus buy on GOLD!Focus on buying GOLD, waiting for a break above for confirmation.
Reason:
1. Double bottom indicates changing the trend to an uptrend, combine with bigger time frame its still an uptrend.
2. XAUUSD just finish an ascending triangle which strengthens the buyers.
3. The price did not break the third orange trendline below and keep continue bullish.
If you Agree, hit the like button to share with others how to set up a trade. FX:XAUUSD
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget
Psychology:
1. Not all setup is valid, its fact, the market always changing its direction, the important is we have reason and we have analysed it.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
