Today we will take a look at XAUUSD. I really like this asset to trade because of the consistent trends it provides, which are great for swing traders.
When you are executing a swing strategy , the main thing is avoiding choppy conditions and increasing the odds of developing setups on situations where you may observe clean trends from point A to point B.
In...
Right side of the chart:
See how it broke the last time?
There was a retesting at the L-MLH (white) going on. Then in the middle it pierced the upsloping orange, dotted Pressure-Line.
Now, compare it to the actual situation...
One of my coaches in the earlier days always told me: "Before you cut meat, you must sharpen your knife".
In Trading the Grindstone is...