Hi Traders,
It’s NFP Friday.
Who's scalping today?
I am looking at an entry on GOLD that I have taken.
It is a long position so it’s counter-trend.
I wouldn’t class this setup as an A Grade as it’s against the trend.
I waited for to price to break previous structure with strong conviction and volume
I entered on the retrace of that zone.
My RR is 1/4
See you on...
In short, the price has broken the daily trendline and after hitting support in the daily, it just came in contact with a significant resistance to overcome which in the best-case scenario, it wasn't able to break, good chance it will travel down after grabbing the liquidity it needs to respect the rising wedge.
Never risk more than 0.5% risk on this, and...
