I see a bullish trade on the Gold Daily chart and I will be taking trades on the 4h chart within the entry(1884.00) to profit target(TP2 2071.00) (SL - 1841.00)of the daily chart trade(a piggy back trade). seasonality has an 80% chance to see Gold profitably in the cycle May 6 - Jun 6. So technical and statistics are lined up for this trade.
The 4h entry is 1884.00 SL - 1854.00 TP1 - 1948.00 TP2 - 2008.00
The 4h entry is 1884.00 SL - 1854.00 TP1 - 1948.00 TP2 - 2008.00
Trade closed: stop reached:
Stoploss triggered
Comment:
I took a look at the COT report and saw that the asset managers and institutions was positioning short. but I went with the seasonality statistics. Another red flag was that the retail sentiment was bullish and with that I should have reversed my position.
