Get started
EdvinasJakas

UPDATE - ENTRY XAUUSD SUPPLY ZONE

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
EdvinasJakas Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Supply and Demand Support and Resistance entry Gold Supply Zone zone keylevel SELL profit easymoney
1
2
supplyanddemand supportandresistance entry gold supplyzone zone keylevel sell profit easymoney
UPDATE - ENTRY XAUUSD SUPPLY ZONE - We have now entered the trade. We will hold it and if stopped out no big deal! Risking 1% of our account!
Trade closed: stop reached:
Stop loss hit! we are down 1%. No big deal. Correct risk management is key. Plenty of more opportunities to come and many more trades to place and win! Keep it simple - mindset is everything.
Comment:
So now we can see what has happened and what went wrong on our trade yesterday. We can see how price pushed up through the zone to gather more liquidity. The price faked out through our zone, trapped the buyers and reversed. Nothing to worry about - only a 1% loss. IF he had a higher stop loss we could have managed to stay in it. 1925.00 was a key level for gold.

Related Ideas

EdvinasJakas
FAKEOUT: XAUUSD GOLD SUPPLY ZONE UPDATE 1925.00 CRITICAL LEVEL
EdvinasJakas
UPDATE: XAUUSD SUPPLY ZONE REJECTION
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.