Gold is bearish overall on the Daily & 4H and now closed below zone (2064.500) on the 1h.
Upon seeing the close below zone on the 1h I waited for retracement and set a sell limit and entry @2064.00 with stop loss @2066.500 risking 25pips. Stop loss placed top of candle that broke structure.
TP1: 2058.00. TP2: 2055.00. TP3:2054.00. TP4:2052.500
Expecting this to reach TP3 OF 2054.00. However will taking partial profits at each TP.
Bio Feed back:
* Where has the market moved since I entered my trade? Trade was in profits now at BE
* If I looked at the market now, would I take the same trade? Yes, maybe higher Entry
* How do I feel about my trade? Violatile & fierce battle but optimistic will ultimately go my way
* What do I like about this trade ? Stayed patient until 1h candle closed & confirmed
* What do I dis-like about this trade now? Keeps fluctuating between profits & BE
* On a scale of 1 to 10, where would I rate this Trade now? 3, based on solid 1h close
* If I were not in a trade now, would I take the opposite trade ? No
Upon seeing the close below zone on the 1h I waited for retracement and set a sell limit and entry @2064.00 with stop loss @2066.500 risking 25pips. Stop loss placed top of candle that broke structure.
TP1: 2058.00. TP2: 2055.00. TP3:2054.00. TP4:2052.500
Expecting this to reach TP3 OF 2054.00. However will taking partial profits at each TP.
Bio Feed back:
* Where has the market moved since I entered my trade? Trade was in profits now at BE
* If I looked at the market now, would I take the same trade? Yes, maybe higher Entry
* How do I feel about my trade? Violatile & fierce battle but optimistic will ultimately go my way
* What do I like about this trade ? Stayed patient until 1h candle closed & confirmed
* What do I dis-like about this trade now? Keeps fluctuating between profits & BE
* On a scale of 1 to 10, where would I rate this Trade now? 3, based on solid 1h close
* If I were not in a trade now, would I take the opposite trade ? No