It really cannot be more simple then that as long as the ME is silent.
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TP: 1532 and wait for reversal to go long again
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SL: I put a conservative SL on the chart, personally I am putting it at 1563, however keep in mind that then the R/RR is lower
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so far playing out nicely, I added a few more short positions at 1553 during the bounce. First TP for conservative traders should be around 1544.
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I am keeping my shorts, don't panic brothers.
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time to take first profit, what a ride! stopped exactly at support. Now we wait for the next swing down - just rinse and repeat.
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tripple top on 1H - got more short positions just now. Chart and strategy still in play.
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My SL at 63 saved me, I put in more shorts to create a better DCA. I believe that if we hit 68 on sunday i would close my positions and accept a loss. However, if bulls don't manage to cross 64 gold clearly will retest at lower levels.
New SL: 1568.1
New TP: 1543.2
New SL: 1568.1
New TP: 1543.2
Trade active:
still 6 dollars to my stop loss - I am walking a thin line here, but I believe it will pay off.