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BREAKOUT RETEST ENTRY

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
This is analysis using SnR strategy as they say, we wait for a breakout in higher timeframe and wait for a retracement or retest or correction pattern. Then when candlestick close we entry. But, Take care of your money management and make sure you make a tight risk to reward management.

For take profit you can use fibo and mark 0.50 area or half the fibo area, use 0.38 as your breakeven area.

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