ViorelBadin
Long

XAU USD TRIPLE BOTTOM LONG TRADE IDEA

FX:XAUUSD   Gold / U.S. Dollar
ON THE CHART PRICE RETESTS THE 1308 ((0.618) Fib level.
PUT A BUY STOP AT THE 1310 LEVEL AS SOON AS PRICE IS READY TO 'TAKE OFF''.
STOP LOSS JUST BELOW THE MAJOR RESISTANCE TREND LINE .
LIMIT SHOULD BE THE 1348 LEVEL.
STOCHASTIC/RSI IS GOING BELOW THE 20 LEVEL.
Trade active: amazing trade. 1600 pips so far.
Trade active: new limit. 1336 level.
Trade closed: target reached: 1900 pips profit. trade closed

Related Ideas

What do u mean with limit 1348. Do u mean that after touching 1348 it will fall back to 1333 around after? Thanks for the chartwork
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limit is the profit target. your profit target should be just before the 1348 level. at 1348 or just before that, the price just should fall to its original level of 1308, even lower than that.
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Viorel,
Thanks for sharing the chart, I guess it will be bouncing up this week.
Reply
ViorelBadin albertwt
you've got to have an open mind towards risk and all possible outcomes. risk management is the only thing we have under control. i am ready for any result.
Reply
albertwt ViorelBadin
Viorel,
Thanks for the sharing, keep up the good post :-)
Reply
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