XAUUSD Printed two new bearish key levels. First potential sell opportunity will be at 1674.907 (CT). If price violates this level our next key level we will be paying attention to is 1683.847(RT) and taking potential sells to continue the bearish momentum. BUT if price does violate the RT and uses that level as support we can use it for potential buys if it meets the criteria.
Important price points CT KLS: 1674.907 RT KLS : 1683.847
INDICATOR USED: KEY LEVEL SYSTEM (KLS) The KLS Prints two of the strongest intraday key levels once conditions are aligned- and we simply wait for retest and take our TRADE :)
Trade Smart. Trade Safe. Let's Elev8
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Price has pulled back to our key levels. No sell trigger on CT level ( 1674.907 ) as price closed above our initial key level. We could see price over extend to our last opportunity to sell. Which would be our RT level at 1683.847.
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Entry at 1674.71 (our first key level) .5 risk = 75 pips 1 reward = 144 pips
Price is currently about 35+ pips from our CT (1674.71) I will be minimizing my total risk by moving stops.
Trade is active. Price could still climb up to our 1683..66 price point and then make the move. Which is why i will break even and let trade develop
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CORRECTION*
Entry at 1674.71 (our first key level) .5 risk = 84 pips 1 reward = 152 pips
Price is currently about 35+ pips from our CT (1674.71) I will be minimizing my total risk by moving stops.
Trade is active. Price could still climb up to our 1683..66 price point and then make the move. Which is why i will break even and let trade develop
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Trade active
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XAUUSD CURRENTLY UP 86 pips. YOU CAN secure partials at this time.