30 minutes timeframe of Gold:
1.There is a bearish market structure on the gold market, due to bearish pennant pattern was formed and the price level is kept to rejected at 1685.00 and the price level has broken down to form a first downtrend structure.
2.On the gold market, the market is continually to rejected and the price level has broken at 1670.00. However, I'm made a mistake on entry level at 1660.24 because I entry the trade without waiting for confirmation entry level, so that I made a money loss of $7.90 at 1667.00.
3.On the second trade, I'm waited for confirmation entry price level and entry the trade at 1662.04, and set 1645.50 as a take profit target and 1670.00 is a stop loss target. Overall, my target profit was hit by the market and my money profit is $17.15.
4.Patient is the key of waiting for confirmation entry price level, so that every forex traders should be fulfill a well-being psychological condition and be prepared a well-managed trading setup before you entry the market.
1.There is a bearish market structure on the gold market, due to bearish pennant pattern was formed and the price level is kept to rejected at 1685.00 and the price level has broken down to form a first downtrend structure.
2.On the gold market, the market is continually to rejected and the price level has broken at 1670.00. However, I'm made a mistake on entry level at 1660.24 because I entry the trade without waiting for confirmation entry level, so that I made a money loss of $7.90 at 1667.00.
3.On the second trade, I'm waited for confirmation entry price level and entry the trade at 1662.04, and set 1645.50 as a take profit target and 1670.00 is a stop loss target. Overall, my target profit was hit by the market and my money profit is $17.15.
4.Patient is the key of waiting for confirmation entry price level, so that every forex traders should be fulfill a well-being psychological condition and be prepared a well-managed trading setup before you entry the market.