jazzik

Short gold on bearish pin bar with trend

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Update 6/3/15: Original sell limit perfectly touched. The drop cut through TP without looking back. Lesson learned not to chicken out next time.

Update 3/3/15: I took the pending trade off. Didn't like the bullish pin bar emerging & support levels being again tested unsuccessfully. Let's see what happens without the money on the line.

Short gold conservatively halfway through the bearish pin bar... if I get hit.
Stop loss a bit over the pin bar to leave some room, thanks to good entry price.
TP on the most recent lows.
R/R: 2.13
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.