Gold has finally stopped ranging and pushed to the downside. In ranging markets we try to avoid trading the range and wait for a clear breakout.
The push to the downside is exactly that. Clear!
With this being said, a retest on the resistance from the ranging zone would be a nice indication that a high has been made and we will short to catch the push to the new low.
10:1 on this one, could be a long hold!
The push to the downside is exactly that. Clear!
With this being said, a retest on the resistance from the ranging zone would be a nice indication that a high has been made and we will short to catch the push to the new low.
10:1 on this one, could be a long hold!
Comment:
Trade started moving into profit already. Will look to make it risk free once we get a clear break of previous structure low