XAU/USD - 6H Entry Confirmation - Daily Trend-Line Break - (Aggr
XAU/USD - 6H Entry Confirmation - Daily Trend-Line Break - (Aggressive Entry)
@: 1295.15
S/L: 1301.04 (-58 PIPS)
T/P: 1275.00 (+201 PIPS)
Risk:Reward: 3.42:1 (Very Good)
ENTRY: As we see that our 6H candle as closed -BELOW- our 1D trend-line we have on our hands a -aggressive- entry; these type of entries come with a lot of risk; but our Risk:Reward was too good to let it pass.
S/L: We placed our Stop +10 PIPS above our previous Weekly Support & Resistance area; instead of our Previous High as we see this as a greater S/L which we hope it does not get hit.
UNEXPECTED: How market just opened it's normal to see some unusual movements; but we shall not get alarmed. If for any reason we get stopped out; we will most likely have a candle closing -ABOVE- our trend-line once again and we would have just gotten "Faked-Out"; and with that upside we shall recover any type of loss (But we do NOT want this to happen).
EXTRA: At the close of our next 8H candle which is at 1AM; if it's a bearish candle we shall add another position. As well as if our NEXT 1D candle closes -BELOW- we will add one more position.
*We are NOT responsible for ANY type of losses you may encounter. Our ideas are for educational purposes only. For information on our Advance training please email us at TheForexClubFX@gmail.com. As well join our free telegram for constant market updates. If there is any pair you want analysis on feel free to let us know!
@: 1295.15
S/L: 1301.04 (-58 PIPS)
T/P: 1275.00 (+201 PIPS)
Risk:Reward: 3.42:1 (Very Good)
ENTRY: As we see that our 6H candle as closed -BELOW- our 1D trend-line we have on our hands a -aggressive- entry; these type of entries come with a lot of risk; but our Risk:Reward was too good to let it pass.
S/L: We placed our Stop +10 PIPS above our previous Weekly Support & Resistance area; instead of our Previous High as we see this as a greater S/L which we hope it does not get hit.
UNEXPECTED: How market just opened it's normal to see some unusual movements; but we shall not get alarmed. If for any reason we get stopped out; we will most likely have a candle closing -ABOVE- our trend-line once again and we would have just gotten "Faked-Out"; and with that upside we shall recover any type of loss (But we do NOT want this to happen).
EXTRA: At the close of our next 8H candle which is at 1AM; if it's a bearish candle we shall add another position. As well as if our NEXT 1D candle closes -BELOW- we will add one more position.
*We are NOT responsible for ANY type of losses you may encounter. Our ideas are for educational purposes only. For information on our Advance training please email us at TheForexClubFX@gmail.com. As well join our free telegram for constant market updates. If there is any pair you want analysis on feel free to let us know!