Crazy times. Especially this month of February was full of action and now this Russia vs Ukraine war started. It affected GOLD so much. I have never seen such a daily candle on the chart. However. we still can benefit from it if we know what to do and manage our risk properly.
Clearly, we are impulsing down after a massive rejection. A possible shift in trend to a bearish. Also, we can notice the "AMD" pattern. I will be looking for sells from the area I've marked. Good luck everyone.
DISCIPLINE
Strive for patience, perseverance, determination, & rational action.
Limit your losses, use stops.
Never cancel a stop loss order after you have placed it!
It's just an idea of mine. However, everyone can share their thoughts in the comment section below. Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice. Always plan your trade and trade your plan.