I'm starting something a-bit new here. On daily Gold just barely cross TDI and re-enter PAC. I'm trying to see if it's a recurrent topping pattern or not. I believe the odd are 60% and the behavior is looking like one.
Be very careful with this one and as soon gold go down (in case this work), I'm not looking for anything below 1210/1220
Be very careful with this one and as soon gold go down (in case this work), I'm not looking for anything below 1210/1220
Comment:
Booked 20% profit@1255. This can go lower but not straight so I'm keeping the same SL.
Comment:
Booked 20% profit@1245.
Letting the 50% run until TP. SL@1261.
Letting the 50% run until TP. SL@1261.
Comment:
It has been 3 weeks since we opened that position, and we already booked few hundreds pips from it. But the pattern on daily seems to correct some more and I don't like to have margin used for waiting time.
But looking at 4H charts, I will wait a bit more (next week) to see what happens. This chart alone would be a SELL signal on my radar. We'll see what the market brings.
Trade closed: target reached:
TP hit! Nice start of month!
So far it's behaving as expected.