Hello Traders!
After the descending channel and a strong bullish candle, I have taken the long trade. Gold is on an uptrend as you can see in the chart.
Market-BUY: 1776.26
Stop-Loss: 1772.00
Take-Profit: 1788.50
Stop-Loss: 42 pips
Risk: 1%
Risk-Reward: 2.67
What do you think?
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After the descending channel and a strong bullish candle, I have taken the long trade. Gold is on an uptrend as you can see in the chart.
Market-BUY: 1776.26
Stop-Loss: 1772.00
Take-Profit: 1788.50
Stop-Loss: 42 pips
Risk: 1%
Risk-Reward: 2.67
What do you think?
Thank you for checking my idea out. Do not forget to Like, Comment and Follow for more ideas.
Comment:
Very good setup. Taken partial profit and SL at break-even...