legendarytrades
Short

XAU/USD Swing Short Idea

FX:XAUUSD   Gold Spot / U.S. Dollar
Price broke below the 200 SMA both on the daily and weekly. Price tested but failed to regain momentum above the 200 SMA on the daily chart . I am short from 1270, stop at 1280, target at 1200 for a 7:1 ratio trade.
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Just began following you. This was a great set up but since price doesnt move in a straight line it took out stops above and moved well into your target afterwards. I dont hknow how you reacted to the upmove, whether u shorted again or lost confidence in the set up. I struggle with this kind of thing n lose confidence in the initial set up
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