FriesianFX

XAUUSD gold buy idea

Long
FriesianFX Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Looking at buys at the break of this current 30m candle, previous 15m candle price action was not looking favourable for bulls however, higher time-frames will always override the lower timeframes.
Trade active:
trade currently active, as soon as price moves 10 pips into profit we will move stops to break even and feel free to take partials/profit/manage risk accordingly. If price hits 20 pips, feel free to move stops to 10 pips profit or closoe out the full position. If you leave a runner have the stop loss at 10 pips and we will see if we can achieve the goal TP. As always, the main goal ehre is to achieve 1% gain per trade whilst risking as little as possible, which is why if we are up by 10 pips we move stops to breakeven.
Trade closed manually:
trade closed, price does not look like it has the momentum to continue up so no reason to let it hit stop loss (save a few pips)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.