XAUUSD LAST RE-ENTRY for LATE COMERS
Previously We talked about reentry for XAUUSD before heading up to 1800. Price made a new high and is going to TP soon. IF YOU Guys still want to reenter, here might be your final chance. Take it or Leave it :)
I will be expecting price to retrace to 1775 area ATLEAST before heading up. small pull back and continue the trend.
Any point of time this setup can be invalid so please manage your risk properly.
I will not be excited for longing it now. What I really want to see is a retracement after resistance to the trendline and take a long position as it offers a higher probability with a good risk-reward ratio. However, this is in the daily timeframe , any chances to the market condition may cause my analysis to be inaccurate. This perfect setup can be easily voided if news/economy does not go as planned so please take it with a pinch of salt, this trade can be invalid any point of time.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
I will be expecting price to retrace to 1775 area ATLEAST before heading up. small pull back and continue the trend.
Any point of time this setup can be invalid so please manage your risk properly.
I will not be excited for longing it now. What I really want to see is a retracement after resistance to the trendline and take a long position as it offers a higher probability with a good risk-reward ratio. However, this is in the daily timeframe , any chances to the market condition may cause my analysis to be inaccurate. This perfect setup can be easily voided if news/economy does not go as planned so please take it with a pinch of salt, this trade can be invalid any point of time.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
Trade active:
SL change: 1760. To be safe
