Here is my idea on XAUU/USD setup. When this market breaks and closes above the structure area, on the retest I will be looking to take a long for the completion of the daily move. NOTE: This is part of my RULE BASED strategy NOT THE FULL RULES. My entry will be at 1878.400 my stop loss will be at around 1873.102 and my take profit will be at 1897.675. For more free content like this hit the like and follow button. This is not financial advice I'm simply sharing an idea I have. I am not responsible for any profits or losses if you wish to enter this trade the way I am doing. Remember to always use risk management in forex!! And always use a rule based strategy.
Comment:
Market execution done.
Trade active:
Added to position at 1874.000. Same stop loss and targets (just bigger risk to reward) let's see what the market brings us.
Trade closed: stop reached:
It happens. Still have GBPUSD and EURUSD running. Go see the updated on them.