Not going to Long Gold while it is inside of descending channel

I am globally LONG oriented at Gold. However, the price is inside of descending (falling) channel. So, my approach with trading it right now - to Long above a red line and Short below a red line. This technique doesn't protect from huge accidentally moves.

Giao dịch đang hoạt động:

I am Long now. Descending channel helped me to enter Long much lower. Look at my new setup.

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Đã hủy lệnh:

The dangerous asset. A rigorous risk management is mandatory.