On the 15-minute chart with a volume profile overlaid, XAUUSD broke down from
a head and shoulders pattern and trended down into a double bottom.
Stop Loss and 2 targets are labeled on the char along with supply and demand zones.
I see this as a long swing to take on the forex market with using some leverage
in conjunction with risk management in the trade including adjusting the
stop-loss once the price reaches some unrealized profit and closing a part of the
position once the first target is reached.
a head and shoulders pattern and trended down into a double bottom.
Stop Loss and 2 targets are labeled on the char along with supply and demand zones.
I see this as a long swing to take on the forex market with using some leverage
in conjunction with risk management in the trade including adjusting the
stop-loss once the price reaches some unrealized profit and closing a part of the
position once the first target is reached.