As identified in previous Ideas, GOLD which has been in a long-running bearish trend, finally today features a candle that breaks the previous local highs. Stochastic in Oversold Divergence + volumes have clearly turned negative giving further signal of entry.
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@FOREXN1, hi! Impressive SL on this chart! Amazing! 👍
FOREXN1
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@Viktor_FX, Hi Viktor , the SL it's same for any pair or any currency or any market. You need to FIX the % of risk size. If you use example the 1% for trade , the stop loss can be 10/100/1000/... points/pips and the risk will be always 1%. If you talk about Technical level , the Stop loss is placed a couple of pips above the previous High, for my experience , it's pretty close and correct. In any case , that's my Idea of Entry...Just an Idea not a signal. About the rules described above , is not my opinion , but it's just the result of study and learning of every day and years ago....