This is my Trade journal , not a trade advice for anyone . Please consider your own method for analysis.
I have shorted Gold at 1297
Reason.
Trend changed from monthly Trend line (Red) now it is down trend.
Daily up trend broken (blue).
Price hit down trend 4H (Pink)
showing two rejection candles.
Price is at strong resistance zone (Dotted horizontal Lines)
TP : 1280
SL : 1307
R/R = 1/1.59
I have shorted Gold at 1297
Reason.
Trend changed from monthly Trend line (Red) now it is down trend.
Daily up trend broken (blue).
Price hit down trend 4H (Pink)
showing two rejection candles.
Price is at strong resistance zone (Dotted horizontal Lines)
TP : 1280
SL : 1307
R/R = 1/1.59
Trade active
Comment:
Stop Loss moved to BE
Comment:
SL hit at breakeven