** THIS IS A COUNTER TREND TRADE, Don't go big position yet, wait for momentum! Have your target clear and SL tight! **
Following up yesterday comment's. Today Gold closed daily candle which is a hammer. It is classic signal to short from the high.
If this Bullish momentum is genuine, we can reload our Long at 50% or 61.8% at 1208 and 1201 respectively.
Meanwhile I am going short with close above 1235.
Following up yesterday comment's. Today Gold closed daily candle which is a hammer. It is classic signal to short from the high.
If this Bullish momentum is genuine, we can reload our Long at 50% or 61.8% at 1208 and 1201 respectively.
Meanwhile I am going short with close above 1235.
Trade active:
Shifting my SL to 1237. 1235 is too closed to the action.
Trade closed: stop reached:
It's unfourtunate. Now it depends on 1D candle close today. If it close below the hammer, I am considering entering short again.
