Our gold short was very profitable (and of course a break down of the ascending channel would have been great but oh well! lol)
I am now long on this pair unless there is a break down of the price under the current bullish channel.
Trade safe!
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I forgot to add that there is also a perfect little wick that touched our previous order block!
Trade active
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Opened long @ 1254.36$ SL @ 1240.87$ TP @ 1295.00$ (We will trail the price when it goes above 1270)
Trade closed: stop reached
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On Sunday night, gold dropped to our SL. This is unexpected. We will keep our eyes open to understand what happened. This is how you get better as a trader... Learn from your mistakes.
Trade active
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I re-open a LONG on this pair. My explanation is on the Telegram channel.
1244.00 SL : 1239 TP : 1287
Trade safe!
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If the price closes above our channel, this would confirm a fakeout move (thank you market makers)