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UnknownUnicorn8714085

GOLD - Ascending Wedge Long!

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
UnknownUnicorn8714085 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAUUSD xauusdlong swingtrading longposition
4
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trendanalysis chartpattern indicator xauusd xauusdlong swingtrading longposition
GOLD - Ascending Wedge Long! After price has been forming an ascending wedge formation over the last 3/4 days, and price has failed to break and close below the bottom of the wedge, I am taking a long position with a great R:R of 1:5 and if successful, the trade would result in +210 pips.
Trade active:
Within 15 minutes of entering this trade, price has pushed up to +40 pips and I am continuing to hold and monitor.
Comment:
+80 Pips. SL has been moved to entry (1963.81) and this trade is now risk free.
Comment:
+120 Pips. SL has been moved to +60 pips (1970.00) to secure partial profits.
Trade closed manually:
+60 Pips.
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