Please trade follow the chart. The chart has made the Right shoulder and the head ; so now we can buy the position at 50% of position size and then the price is break out the previous high, we will order 50% of position size again.
As per the picture, put the risk is only the 1-2% of your account.
Price broke out the last low and made lower low, it gotta be Down Trend. So,we have to SELL on this Pullback to make PROFIT -- R/R = 1.4 to 2.0 Please us MM to Take profit. Good Luck.
START LONG NOW!!! R/R = 2:1 or more then 2. *******Warning : Don't use hihg LOT......
Shot term is Up trend (long term is SW) if buy now R/R > 1.5. Should control Risk in your Portfolio.
It break the last low, and set up to DOWNTREND. Should take this opportunity to SELL. R/R > 2 , it's the best!!
Simple is the best ; Down Trend -Just Sell Only man --Waiting for short R/R > 2 :))
Now, it's Downtrend+SW. The best way to do is Short order. FX_IDC:XAUUSD