XAU/USD Buy Scenario! 4 Things to think before trade
Hello traders!
There are 4 things to think of before I take this trade:
1. If the price rise we will have a flat trend on D1, on H4 we have a formed up trend till now.
2. The price breakout the near suport and we wait for a bullish candle to confirm the up move
3. Not a really good trade because the price make already a half of the movement
4. The price could go down when will meet the previous High point (the big trend is more important), but still the new trend is at the beggining.
SL will be almost 1836 points (1%)
Tp will be almost 7404 point (3.9%)
The risk/reward is almost 1:4, I think we can try thin one.
Leave a comment with your oppinion!
Enjoy it!
There are 4 things to think of before I take this trade:
1. If the price rise we will have a flat trend on D1, on H4 we have a formed up trend till now.
2. The price breakout the near suport and we wait for a bullish candle to confirm the up move
3. Not a really good trade because the price make already a half of the movement
4. The price could go down when will meet the previous High point (the big trend is more important), but still the new trend is at the beggining.
SL will be almost 1836 points (1%)
Tp will be almost 7404 point (3.9%)
The risk/reward is almost 1:4, I think we can try thin one.
Leave a comment with your oppinion!
Enjoy it!