tradingfrog

XAUUSD [Pending Long]

Long
tradingfrog Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Long Setup
- Over all market bullish
- Rejection from previous breakout resistance and confirmed support
- Price action slowing down after reject

Setup Entry#1
- Entry: 1481.10
- Stop: 1446.66
- TP1: 1532.12
- TP2: 1659.32

Setup Entry#2
- Require Entry#1 TP1 hit and retrace back to Entry#2 entry price
- Entry: 1526.41
- Stop: 1481.10 (Entry#1 Entry)
- TP1: 1583.66
- TP2: 1659.32
Comment:
Entry#1 Filled
Comment:
Entry #1 TP1 Done. Move stop to 1481.10

Looking for second entry setup
Comment:
Setup Entry#2 invalidated as price go too far already.
Comment:
Entry#1 2nd trade Stop move to 1532.12
Comment:
Second trade stop move to 1584.86.

I am looking for a short at the same time. It seems a Head and Shoulder forming.
Comment:
Second stop move to 1610.70
Comment:
Still in trade... almost stop profit.
Trade closed: target reached:
Second position stop profit at 1610.70
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