XAUUSD Short position, I entered this trade as price broke support 1839.000 zone this support zone will most likely turn into a resistance.
Take profit is 1821.045.
This trade is a 1:3 risk to reward and stop loss will be placed at breakeven after price passes 1:2 risk to reward.
I have entered this trade as USDJPY is on a downtrend and has formed a possible head and shoulders patten.
The risk to reward ratio on this trade is 1:4. stop loss will be moved to breakeven when price reaches 1:2 risk to reward.
XAUUSD Short. price will most likely reject this zone as it has done so for the past 4 days.
price is likely to reach 1875.800. I have a sell order on 1895.120.
Risk to Reward ratio is 1:3.
if price doesn't touch the 1895.120 sell order I will not be entering.