The graph you see above is divided into 2 parts
In Part A you see a simple model of support and resistance and a price that moves within it until it breeds the resistance and then reaches $ 30 (2.5%) and then the market corrects and falls a bit below the support because of that way never put the stop loss exactly on support always a little below, Then the market goes back up until it reaches the second part in the second part B the past repeats itself-again the price ranges from support to resistance until the breaking of the resistance comes, our forecast As long as the price remains above new support 1292-1296 we open buy position!
buy XAU/USD
Entry Price: 1310
Stop Loss: 1292-1296
Take Profit: 1347
In Part A you see a simple model of support and resistance and a price that moves within it until it breeds the resistance and then reaches $ 30 (2.5%) and then the market corrects and falls a bit below the support because of that way never put the stop loss exactly on support always a little below, Then the market goes back up until it reaches the second part in the second part B the past repeats itself-again the price ranges from support to resistance until the breaking of the resistance comes, our forecast As long as the price remains above new support 1292-1296 we open buy position!
buy XAU/USD
Entry Price: 1310
Stop Loss: 1292-1296
Take Profit: 1347
Trade closed: target reached:
37 $ Profits