You checked the daily pattern, today is a uptrend day. On 30m & 5m chart, you draw out support & resistance levels. Current price is at the middle.
You already have a good pattern price that has recenty formed a possible swing low.
You checked the ATR levels at 1.25.
You set the ATRSL (ATR + $1 SL, then the ATRTP (1 ATR). (Here you forgot to put the 2nd level...
Jus how to trade on ATR. Using ATR on XAUUSD, the ATR i found has alwasy been retested. So I meight be taking a profit and targeting 2 ATR but i found that price after 2 ATR will just touch and not stay there for long time,, and it will return at original point and start making a loss to stop me out of the position at a loss.
So to counter this, I decided to...
