Whats going on everyone.
Alerts have gone off on XAUUSD this morning with a retest of the 61.8 fib extension.
Before entering into this trade, I wanted to make sure there was enough buying pressure from the region below before entering into this position, but now ive given it a couple hours, i can see the bulls are back to push price up.
Stops are set just below the prior downside wicks, with take profit set at $2015. A 12:1 Risk to reward.
Hope this helps.
Alerts have gone off on XAUUSD this morning with a retest of the 61.8 fib extension.
Before entering into this trade, I wanted to make sure there was enough buying pressure from the region below before entering into this position, but now ive given it a couple hours, i can see the bulls are back to push price up.
Stops are set just below the prior downside wicks, with take profit set at $2015. A 12:1 Risk to reward.
Hope this helps.