timmynorin

XAUUSD (4h) Long setup, simple structure trend cont.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Simple structure and trend continuation setup.

We have previously strong resistance to, hopefully, act as our support in this trend continuation trade.

Together with the support, we also have a trendline which should add to the case.

..and we also see the double bottom at the previous resistance level .


This pair has been respecting structure and trend thus far, the only signal I needed to enter was the bullish engulfing which is seen on hourly.

We're in, target previous highest close.

Stop loss below trendline.
(Break and close under trendline will invalidate this setup for me.)
Trade closed: stop reached: Nope