AS I mentioned before I would be looking to re-enter
XAUUSD
short near the 1330 level. Price pushed through this level aggressively. After a rejection at the YTD high, it has broken that level and is currently retesting again. I have re-entered with a tight stop of 30 pips and will move it to break even at 1327. There looks to be a trendline break and re-test. I'm anticipating a quick sharp correction.
XAUUSD
short near the 1330 level. Price pushed through this level aggressively. After a rejection at the YTD high, it has broken that level and is currently retesting again. I have re-entered with a tight stop of 30 pips and will move it to break even at 1327. There looks to be a trendline break and re-test. I'm anticipating a quick sharp correction.
Trade active:
Partial profit booked at 35 pips, stop loss moved to +5 pips, letting it run.
Trade closed: stop reached:
The profit stop was hit at 5 pips. I will be looking for signs of it weakening to re-enter.