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ferrarigold
Oct 30, 2019 10:44 PM

XAU LONG SHORT SETUP  

Gold/US DollarSaxo

Description

We are stuck ranging any break above yellow line is a buy. A break bellow the bottom yellow line is a sell. Follow this guide if you are looking to make profit during tomorrow's explosive trade day. A lot of accounts will be wiped while others will profit. Don't be a pig and get slaughtered
Comments
ferrarigold
my personal bias sell
slyesco
Do you use buy and sell stops? Or wait till price gets there? How do you enter?
ferrarigold
@slyesco, in situations like these I will wait because it could go one way to become a liquidity grab/trap and flip completely into the other direction. I usually set the appropriate buys and sells and then watch how it behaves on the yellow. If it doesn't seems to cross the yellow and is rebounding I simply take profit, take a breath, take a change of bias and re enter
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