XAUUSD | New perspective | follow-up details
Quick trading set-up is identified here on the 1 hour time frame as the appearance of a reversal pattern sitting right on a new bullish trendline.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
Over 1,250 pips running in profit; because of the volatility, I am moving the stop loss to 1st entry-level.
Remember that we still have the neckline waiting for a retest of structure to add more positions.
Remember that we still have the neckline waiting for a retest of structure to add more positions.
Comment:
Break-even level hit; now we anticipate reversal pattern at the retest of structure to anticipate re-entry and remember that I mentioned that the new bullish trendline shall be our guide into following the potential bullish momentum.
Comment:
We still await reversal set-up to complete as long as we do not witness a break below $1,805.500 level
Trade active:
Over 1,600pips in profit (2 position); move stop to break even
Comment:
you might want to lock in some profit now
Trade active:
Trade smart. Trade consciously