Description
⋅ Hey Guys!
A very good buy opportunity is being formed on GLD.
Reasons to take the trade:
- GLD is coming back from its dip that happened last week
- A strong trendline has been holding the price - acting as a good support
- Candlesticks show bulls taking over the control
Trade active
⋅ Gold is retracing back a bit, now is a good time to enter.
Entry @1255.3
S/L: 281 points away
T/P: 812 points away
Comment
⋅ 1:1RR has achieved; moving towards 1:2
Comment
⋅ 1:2RR is in the pocket, trade is secured; moving on to 1:3RR
Trade closed manually
⋅ GLD is closed with 1:2RR just now
Comment
⋅ Gold has reached all expectations for today. Tomorrow, I will be trading this pair again with a different type of strategy.