Gold turned bearish after breaking structure lows.
Price taken out inducement as form of recent swing high. Creating change of character in 5 min timeframe. Good set up for sell entry with 1:3 RR
Price taken out inducement as form of recent swing high. Creating change of character in 5 min timeframe. Good set up for sell entry with 1:3 RR
Comment:
one can choose to keep previous 15 min swing high as stop loss in order to get better risk and reward
Comment:
Added entry based on SCOB. With higher RR. Check out related Idea
Comment:
30 PIP already. and 20 PIP on other entry. 20 more PIP and we are out 50% and go break even so that its a risk free trade
Comment:
Here we go break even. on both the trades
Comment:
out 50%
Comment:
Good follow up move after break
Comment:
Price could form base between 2040.50 and 2036.30 before proceding towards 2030.50
Comment:
Any aggressive move upside breaking this range (2040.50) would be red flag
Comment:
82 PIP and 70 PIP moved on respective trades. Clossing 80%. No More updates. Call it a day.
Trade closed: target reached:
TATA! BYE BYE! GAYA
Target Hit
Target Hit
