timmynorin

XAUUSD (4h) Long setup, simple structure trend cont.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Simple structure and trend continuation setup.

We have previously strong resistance to, hopefully, act as our support in this trend continuation trade.

Together with the support, we also have a trendline which should add to the case.

..and we also see the double bottom at the previous resistance level .


This pair has been respecting structure and trend thus far, the only signal I needed to enter was the bullish engulfing which is seen on hourly.

We're in, target previous highest close.

Stop loss below trendline .
(Break and close under trendline will invalidate this setup for me.)
Trade closed: stop reached: Nope
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