Looking to short XAUEUR.
Currently trading at the all time highs therefore counter moves are short term and not be taken as trying to find the reversal point in the market as this is zero sum game...
Currently XAUUSD is also at all time highs near it's round number 2200 and Silver is currently subdued after rejecting the Intra Year highs of last week. Though I am treating this as separate it is still imperative to know where correlated markets are and if they are trading near key levels for reversals etc.
Confluences:
Intra KL.
All time high.
Alignment
Entry: Stop Loss: Take Profit:
2032.90 55 pips TP1 1:1 | TP2: 1:3
Currently trading at the all time highs therefore counter moves are short term and not be taken as trying to find the reversal point in the market as this is zero sum game...
Currently XAUUSD is also at all time highs near it's round number 2200 and Silver is currently subdued after rejecting the Intra Year highs of last week. Though I am treating this as separate it is still imperative to know where correlated markets are and if they are trading near key levels for reversals etc.
Confluences:
Intra KL.
All time high.
Alignment
Entry: Stop Loss: Take Profit:
2032.90 55 pips TP1 1:1 | TP2: 1:3
Trade closed: stop reached:
Trade managed to get 38 pips before moving to SL.