We already have a previous test of a lower breakout. a double bottom formed. Looking for a bullish breakout, and a retest for additional confirmation to take full advantage of this trade. Looking to make bank on this trade.
Start off small with .05 lot sizes, remember I want to build up my equity, once I see the retest which should come on Tuesday or Wednesday I will move in for the kill.
Very low risk with this trade, but it is GOLD so I have to be smart with it. GOLD can make or break my account in 60 seconds.
This does justify my US30 short just a little bit more. I should not be trading that.