Cherry94

Trying to catch the reversal

Short
Cherry94 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Tried to get in reversal as I perceived the previous failed ascending triangle and failed attempt to go higher to be the reason for the short position.
1)Stop loss is above the last upswing.
2)Profit target is around Dec 19 high.

(Posted post factum)

*experienced x3 loss because of the absence/failed to execute stop loss.
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.