Retracement trade (high risk)
Risk off environment DOW30 futures pre market -400 points, AU AJ correlated with DOW30.
sell now (aggressive) 30 pips above, tp previous HL.
sell later (conservative), wait for candle close at 2pm as confirmation.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis, you are suggested to have your own analysis where SL/TP that you find is appropriate.
2)Trade at your own risk with proper lot sizing and follow your own trading plan.
3)Risk management is always be the top priority.
Risk off environment DOW30 futures pre market -400 points, AU AJ correlated with DOW30.
sell now (aggressive) 30 pips above, tp previous HL.
sell later (conservative), wait for candle close at 2pm as confirmation.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis, you are suggested to have your own analysis where SL/TP that you find is appropriate.
2)Trade at your own risk with proper lot sizing and follow your own trading plan.
3)Risk management is always be the top priority.