XAUUSD will go downward after reaching 1229. expect it will reach 1202 but let's have a few TP poinrs
Entry: 1229; SL: 1231
TP 1: 1219 (RRR: 1:5)
TP 2: 1211 (RRR: 1:9)
TP 3: 1202 (RRR: 1:13.5)
Entry: 1229; SL: 1231
TP 1: 1219 (RRR: 1:5)
TP 2: 1211 (RRR: 1:9)
TP 3: 1202 (RRR: 1:13.5)
Comment:
Entry reached, but 8 mins before the 4 hrs candle stick close and US data, so let's wait for it a bit.
Trade active:
sell at 1229 now.
Comment:
based on the 1 hr chart, a large bullish candle was followed by a very small bullish candle, which gave a another reason to support our short position. Another large bearish candle is forming and let's see how this candle will end up in 13 more mins
Trade closed: stop reached:
The price went down from 1229 to 1223 bu bounced back up to hit the SL. it has been testing the 1235 level now