I opened sell at $1483.50
T/P: I will do an update soon.
Please, use proper risk management. never risk more than 2% of my capital per position because the market can change.
Reasons why I open entry:
1. Mirror level $1484
2. Price made a false break out of that level
3. GOLD rose up 270 pips but ATR is 222
that means gold rose up 121.62% of the average daily move.
There are only 15% probability price will rise more than 1 ATR per day
I read many many comments in chat about buy gold. How can u do it if the price rose up more than 1 ATR?????
Did u study charts?
Only in 10 - 15% days price rise/drop more than 1 ATR.
It's 10:16 p.m. in Ukraine. I am going to sleep. We will see each other soon)
Take care on GOLD when I will rest))
2nd T/P: $1460
Huge chance on a pullback
Huge possibility price will continue up rise. GOLD already rose 1 ATR. I will wait for accurate buy signal after a pullback