XAUUSD Long Position

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Entered long based on the close of the engulfing candle and moving average cross over. It will be a while before we trail our stop loss because the red line represents the low of the previous 45 candles (45hrs).

This strategy only has a 25% win rate but the avg win is >5x that of the avg losers. Profit factor is 1.58
Trade closed: stop reached