So please note: This is a personal journal only, but NOT a trading suggestion. Please control your own risk if you want to follow, we may have different risk preference and position management strategy.
We have made a nice profit in the last short plan.
No plan, No trading
Last order: 1892 Long and close at 1901 1904 = 120 pips
Gold has broken the intra-day trendline (1900) and reachs 1910 highest this morning.
In my opinion, Gold is still moving under the daily trendline (the blue one) in the .
The key resistence is still 1911 and 1920. Gold goes above 1920 will confirm and, break down to 1895 will trigger a rug drop down to 1880 and 1850.
So here's my plan:
I have added a slight selling position at 1904
More Sell limit around 1909-1911
ell stop 1893, 1880
Buy stop 1922.
Thank you !
1912 is the key. but even it reaches 1920, it doesn't change my opinion for short. so I would control my size to manage the risk
Bless you too, my best follower