Gold has seen consolidation between $1200 and $1285. $1212 is the 76% retracement of the range.
Looking to buy $1230 for $1260 (4.9:1 reward:risk)
Interestingly, RSI and Stochastic RSI indicators are oversold in 3 timeframes (H1, H2 and H4)
In reversal, 3x sell for break even and profits into $1213.
Looking to buy $1230 for $1260 (4.9:1 reward:risk)
Interestingly, RSI and Stochastic RSI indicators are oversold in 3 timeframes (H1, H2 and H4)
In reversal, 3x sell for break even and profits into $1213.
Comment:
Half position closed at $1245. Expecting 5th Wave to complete
Comment:
Trailing stop set at $1240
Trade closed: stop reached:
Trade closed at $1240
Market subsequently higher at $1255
Badly set trailing stop, lesson learnt
1/2 trade closed @ +$15
1/2 trade closed @ +$10
Market subsequently higher at $1255
Badly set trailing stop, lesson learnt
1/2 trade closed @ +$15
1/2 trade closed @ +$10