XAU/USD - 6H Entry Confirmation - Minor Trend-Line Break (Aggres
XAU/USD - 6H Entry Confirmation - Minor Trend-Line Break (Aggressive Entry)
@: 1279.28
S/L: 1284.40 (-51 PIPS)
T/P: 1261.20 (+180 PIPS)
Risk:Reward: 3.62:1 (Amazing)
ENTRY: As we see that our 6H candle has broken our Minor-Trend-Line we also have a Trend-Line rejection as price has closed -BELOW- our Major Trend-Line. We should be expecting a drop at-least to 1275.00 but we are aiming for our Minor Support area of 1261.20
S/L: We placed our S/L around +10 PIPS above our Minor Resistance area; that has proven to be difficult to surpass; as well a few PIPS above our Previous High.
UNEXPECTED: We don't have any major news coming out; but gold is sometimes a tricky pair to trade. If we were to get stopped out and our candle were to close -ABOVE- our trend-line we can possibly be placing a few -LONG- opportunities. But we do NOT want to have to hedge our way back into profit.
EXTRA: If our trend continues strong if our 8H candle closes -BELOW- we can add another position and almost double our profit. As long as we have confirmation.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
@: 1279.28
S/L: 1284.40 (-51 PIPS)
T/P: 1261.20 (+180 PIPS)
Risk:Reward: 3.62:1 (Amazing)
ENTRY: As we see that our 6H candle has broken our Minor-Trend-Line we also have a Trend-Line rejection as price has closed -BELOW- our Major Trend-Line. We should be expecting a drop at-least to 1275.00 but we are aiming for our Minor Support area of 1261.20
S/L: We placed our S/L around +10 PIPS above our Minor Resistance area; that has proven to be difficult to surpass; as well a few PIPS above our Previous High.
UNEXPECTED: We don't have any major news coming out; but gold is sometimes a tricky pair to trade. If we were to get stopped out and our candle were to close -ABOVE- our trend-line we can possibly be placing a few -LONG- opportunities. But we do NOT want to have to hedge our way back into profit.
EXTRA: If our trend continues strong if our 8H candle closes -BELOW- we can add another position and almost double our profit. As long as we have confirmation.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com