North Capital Trade Recap: XAUUSD 21-06-23
Short trade recap for you guys in the afternoon,
The reasoning for going short:
As I was following gold for over the last few month’s I saw that we were respecting the downwards Trend-Line, which confirmed my bias.
We then tapped into a nice area of supply on the H4
After we broke structure to the downside. Gold had left a lot of volume which needs to be grabbed before we can take out the buyers, which we did afterwards.
We then headed straight to the lows and took our well deserved profit.
This might be my cleanest trade ever since we had 0 drawdown on my MT4/5
Cheers guys! 🍾 🥂
The reasoning for going short:
As I was following gold for over the last few month’s I saw that we were respecting the downwards Trend-Line, which confirmed my bias.
We then tapped into a nice area of supply on the H4
After we broke structure to the downside. Gold had left a lot of volume which needs to be grabbed before we can take out the buyers, which we did afterwards.
We then headed straight to the lows and took our well deserved profit.
This might be my cleanest trade ever since we had 0 drawdown on my MT4/5
Cheers guys! 🍾 🥂