GOLD Sell Setup At Median Line

FX:XAUUSD   Gold Spot / U.S. Dollar
1704 8 41
Price has reached the median line of an uplslope pitchfork which rejected. In a lower timeframe we may see that it's in a consolidation having reached the 0.618 fib level of previous impulsive wave. That's a good level to short gold             . Stoploss and tp as shown at the chart.
Trade closed: target reached: First tp just reached. For those who follow i suggest moving your stoploss to breakeven, at second position for a risk free trade
Trade closed: target reached: Price has reached the second target for a 5,30 : 1 risk/reward ratio. Aiming big and moving stoploss at breakeven when in profit allow a trader to be very happy even if they he wins 50% of his trades.
Thanks :)
perfect job!
Fxprotrader BernhardAnalytics
Thank you :)
very nice
Fxprotrader omidmoradi
Thank you :)
Thank you :)
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