Asset and Time frame -Daily,GLD(XAUUSD)
Entry Price -161.4693
Exit(Stop Loss) -158.12
Exit(Take Profit) -175.12
Technical Analysis - Price has reached the bottom of the down trending channel after a long run-up, on the weekly time frame the price is pretty close to the 100MA, and volume started to pick up, smaller position than usual because of the market choppines
Good luck and stay safe ;)
Entry Price -161.4693
Exit(Stop Loss) -158.12
Exit(Take Profit) -175.12
Technical Analysis - Price has reached the bottom of the down trending channel after a long run-up, on the weekly time frame the price is pretty close to the 100MA, and volume started to pick up, smaller position than usual because of the market choppines
Good luck and stay safe ;)
Trade closed: stop reached:
Stop loss was a bit too tight, general idea was quite good.