jaeweise

xauusd 1hr trade break down

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
in my previous post i spoke about me anticipating for gold to break out of the 4hr consolidation, but during pre-london session i realised that a minor resistance was created and broken (small blue zone) also that structure on the 4hr as broken and was now completely bullish, seeing that these 2 timeframes were correlating, i scaled down to my 5min for entry and entered this trade at 2:30am my R/R was 1:3.
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