Description
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The video explains our trade idea on buying XAUUSD today. Below you will find some details about the trade.
XAUUSD BUY
ENTRY 1653.214 /// MODERATE 10%
SL 1637.737 > MAKE TRAILING SL
TP 1 - 1688.300 ( pips 3549 / RR 2.4 )
TP 2 - 1699.440 ( pips 4643 / RR 3.1 )
On the 1H chart we have a bullish continuation whcih is supported by a low RSI and a breakout, but we need to move above the EMA on 1H.
On 4H we had a retest of the DC middle level and we achieved a massive reversal candle indicating that the bulls might be coming soon.