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BoonHooi
Nov 15, 2017 10:02 AM

Gold - Trading the Support and Resistance TL Long

GoldOANDA

Description

Was initially long at the beginning of the month but closed off as it was going no where.
Re-established the long after seeing a bounce off the bottom of the channel support.

Looking at potential price targets
- Channel high
- Previous swing high
- $1350 completion of Bat pattern

Trade closed manually

Did not manage to close the trade at my TP1 marked out on the charts ($1290).
Resisted and reversed. Exit at break even.

Out of the trade
Comments
yitiancai
what's the stop loss
BoonHooi
@yitiancai, my original SL was at 1268, below the recent lows.
But I have manually exited at break even. Out of the trade
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