15m Bearish Engulfing on XAUUSD Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Dec 2, 2023 1:17 PM

15m bearish engulfing formed on XAUUSD at 7:30 am.
Entry at 7:45 am.
SL placed at engulfing candle body high instead of the top of the huge wick to reduce the SL/TP.

Comments

TheFxAce

⋅ Dec 3, 2023 2:03 AM

Your bearish analysis stands on firm ground, urging a cautious approach through a short position.

justinholtgrave

⋅ Dec 3, 2023 10:16 AM

@TheFxAce, Yes, 1:1 risk to reward is key to my strategy.