Crimsonx7

Short gold on H4~structure + FE161.8

Crimsonx7 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Ive been study Fib on Gold pair for quite some time, and most of the time it works good. But we cant neglect the risk despite the winning possibility is high. Always set your SL no matter how confident you are.
Trading is about setting up a good plan and execute it.

Comment:
i think is okay to short here, but i would rather to short Gold at 1212.60.
it gives us lesser risk and SL
Comment:
didnt touch 1212.6~we should abserve see if the price goes down or re test 1212
Trade active:
take 50% profit and zero loss the trade now we shall see if it falls further~
risk free now
Trade closed: target reached:
target 2 reached~
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.