Risk / Reward ratio = 2.2 to 2.5 I am buying at 4h support
Please enjoy the video. You can look at my signals and see that my win rate is quite high with my strategy. I will be taking FTMO challenge next year with this strategy.
Risk / Reward = 2. I am shorting gold AU at 1h resistance.
Risk / Reward ratio = 2 Trade idea is taken from 5m & 15m chart
You can safely short Gold EUR. The set up is pretty much text book.
Gold has broken support to go to the downside. Look to sell.
Market broke support and 20 ema is trending down. Therefore, we look to go short.
Use fibonacci and look to short around 1791 which is the 50% fibo retracement.
Gold broke out of range during London session. Look to go long at pull back.
*** Please use 3m or 5m chart for better view *** We can all see GOLD is turning bullish right now. Please wait patiently for the market to confirm by breaking the current resistance then we will enter at the pull back.
I am currently on the trade. Sorry for the late posting because I had to position myself in the trade real quick. If the market comes back to 1585 you can get in and buy gold eur.
It is drawn on the chart. We are buying at support after XAUAUD broke above resistance.
Please use 5-minute timeframe for better view. R/R ratio > 2.5