GOLD BULLISH CONTINUATION
Hello traders,
Here is my analysis and trade idea on XAUUSD.
The price is approaching a supply zone after the consolidation. I am expecting price to continue the move upwards.
I’m hopping to see a move down to sweep the liquidity at the bottom of Asia lows and push back up again.
My target is 1790.023
BEFORE OPENING YOUR TRADE:
- Remember risk management is 1-2% of your capital
- Take profit of your position partially. Don’t leave money on the table.
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Go to a lower timeframe to find break of structure and change of character (Choch). Remember No Choch – No Entry!
- DON’T FOLLOW IDEAS BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE!
YOUR TRADE IS YOUR DECISION!
If you have your own view about it, please share your thoughts in the comments.
Happy trading!
Here is my analysis and trade idea on XAUUSD.
The price is approaching a supply zone after the consolidation. I am expecting price to continue the move upwards.
I’m hopping to see a move down to sweep the liquidity at the bottom of Asia lows and push back up again.
My target is 1790.023
BEFORE OPENING YOUR TRADE:
- Remember risk management is 1-2% of your capital
- Take profit of your position partially. Don’t leave money on the table.
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Go to a lower timeframe to find break of structure and change of character (Choch). Remember No Choch – No Entry!
- DON’T FOLLOW IDEAS BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE!
YOUR TRADE IS YOUR DECISION!
If you have your own view about it, please share your thoughts in the comments.
Happy trading!
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