Hi guys.
As far as I'm think,
XAUUSD
has a bullish trend for this week (5/14/2018 to 5/18/2018)
So we have these scenario for trade
Good Buy : entry = 1313.5-1310.5 SL=1305 TP1=1324 TP2=1333 TP3=1340
It's a good zone for buy. Don't worry about 5 or 8 dollar stop loss. The price will rise after the collision with this area.
Risky Sell : entry = 1332-1334 SL=1339 TP2=1327 (be careful, The trend is bullish and sell is risky choice at this point)
Good Sell : entry = 1338-1341 SL=1345 TP1=1333 TP2=1327
It's a good zone for sell. We have R2 weekly and Fib 61.8 of major wave 1365-1302, so it may be an attractive zone for sell.
Good buy in pullback : entry = 1326.3 SL=1321 TP1=1333 TP2=1336
Good Luck :)
As far as I'm think,
XAUUSD
has a bullish trend for this week (5/14/2018 to 5/18/2018) So we have these scenario for trade
Good Buy : entry = 1313.5-1310.5 SL=1305 TP1=1324 TP2=1333 TP3=1340
It's a good zone for buy. Don't worry about 5 or 8 dollar stop loss. The price will rise after the collision with this area.
Risky Sell : entry = 1332-1334 SL=1339 TP2=1327 (be careful, The trend is bullish and sell is risky choice at this point)
Good Sell : entry = 1338-1341 SL=1345 TP1=1333 TP2=1327
It's a good zone for sell. We have R2 weekly and Fib 61.8 of major wave 1365-1302, so it may be an attractive zone for sell.
Good buy in pullback : entry = 1326.3 SL=1321 TP1=1333 TP2=1336
Good Luck :)
Trade closed: stop reached