This is our current idea for Gold, we can see price moving further down into our red support zone and then making a bullish run up to out green resistance zone, this is where we will place TP.
This is a lovely risk to reward trade, but please use correct risk management if you take this trade.
If you are using correct risk management and 1 of your trades does hit SL then it shouldn't bother you as you would have limited your losses... if you can not do this then please stop trading! Go work in Asda stacking shelves on minimum wage for the rest of your life ;p
Also I wouldn't Sell the price to the zone as you are screwed if price goes bullish before it gets to the zone.. setting orders is another way or limiting losses, if the trade doesn't go live then you haven't lost a thing.
This is a lovely risk to reward trade, but please use correct risk management if you take this trade.
If you are using correct risk management and 1 of your trades does hit SL then it shouldn't bother you as you would have limited your losses... if you can not do this then please stop trading! Go work in Asda stacking shelves on minimum wage for the rest of your life ;p
Also I wouldn't Sell the price to the zone as you are screwed if price goes bullish before it gets to the zone.. setting orders is another way or limiting losses, if the trade doesn't go live then you haven't lost a thing.
Comment:
Target smashed