XAUUSD-Payday-Gold is crashing as expected. UPDATE
Hello, according to my previous analysis, i think the price is unfolding a big ABC zigzag.
Today price is crashing, my sell stop order was triggered and SO FAR everything is going according to my plan.
Many traders expected a rebound, we can see big volume days before.
Sell stop orders are powerfull because when its triggered others people's stop losses are hit.
I expect the 1.27 and 1.61 fib projections as next targets.
Happy Weekend
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectfull and constructive ideas are welcome.
We all are here to learn sharing ideas, have fun and improve our performance.
Today price is crashing, my sell stop order was triggered and SO FAR everything is going according to my plan.
Many traders expected a rebound, we can see big volume days before.
Sell stop orders are powerfull because when its triggered others people's stop losses are hit.
I expect the 1.27 and 1.61 fib projections as next targets.
Happy Weekend
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectfull and constructive ideas are welcome.
We all are here to learn sharing ideas, have fun and improve our performance.