Gold took a bearish Impulse and now correcting itself,
once the 1280 level broke then have the confirmation to downward trend
Orders can be placed at the pullback level so around (1284) we can place
a sell limit,
Things to remember (RULES)
---------------------------------------
1.) If breakout occurs as an Impulse & touch near 1260 then this pattern
will become invalid
2.) No less then 150 PIPS STOP LOSS
3.) Open TP with partial booking
4.) Last but not least optimal "RR" (Risk Ratios)
---------------------------------------
Found this analysis useful?
Share your thoughts by commenting below!
once the 1280 level broke then have the confirmation to downward trend
Orders can be placed at the pullback level so around (1284) we can place
a sell limit,
Things to remember (RULES)
---------------------------------------
1.) If breakout occurs as an Impulse & touch near 1260 then this pattern
will become invalid
2.) No less then 150 PIPS STOP LOSS
3.) Open TP with partial booking
4.) Last but not least optimal "RR" (Risk Ratios)
---------------------------------------
Found this analysis useful?
Share your thoughts by commenting below!