XAU/USD - 6H Entry Confirmation - Daily Trend-Line Break (Aggres
XAU/USD - 6H Entry Confirmation - Daily Trend-Line Break (Aggressive Entry)
@: 1287.84
S/L: 1282.76 (-50 PIPS)
T/P: 1300.00 (+121 PIPS)
Risk:Reward: 2.78:1 (Great)
ENTRY: As we have been previously in a down-trend. It seems that price wants to retest our 1300.00 mark. We saw that our 6H candle has closed -ABOVE- indicating a upside movement.
S/L: We placed our S/L +10 PIPS above a Minor 6H support area, as our Previous Low was over +110 PIPS so we decided to go with a smaller one.
UNEXPECTED: If we were to get stopped out; we should be looking for a down-side movement once again. We have to be patient with this trade. We don;t have any major news coming out in the next hours so we should have nothing to worry about.
EXTRA: If price continues the way it is our 8H and 1D candles will have closed -ABOVE- and we can add another position and make more profit.
*We are NOT responsible for ANY type of losses you may encounter. Our ideas are for educational purposes only. For information on our Advance training please email us at TheForexClubFX@gmail.com.... As well join our free telegram for constant market updates. If there is any pair you want analysis on feel free to let us know!
@: 1287.84
S/L: 1282.76 (-50 PIPS)
T/P: 1300.00 (+121 PIPS)
Risk:Reward: 2.78:1 (Great)
ENTRY: As we have been previously in a down-trend. It seems that price wants to retest our 1300.00 mark. We saw that our 6H candle has closed -ABOVE- indicating a upside movement.
S/L: We placed our S/L +10 PIPS above a Minor 6H support area, as our Previous Low was over +110 PIPS so we decided to go with a smaller one.
UNEXPECTED: If we were to get stopped out; we should be looking for a down-side movement once again. We have to be patient with this trade. We don;t have any major news coming out in the next hours so we should have nothing to worry about.
EXTRA: If price continues the way it is our 8H and 1D candles will have closed -ABOVE- and we can add another position and make more profit.
*We are NOT responsible for ANY type of losses you may encounter. Our ideas are for educational purposes only. For information on our Advance training please email us at TheForexClubFX@gmail.com.... As well join our free telegram for constant market updates. If there is any pair you want analysis on feel free to let us know!