XAUUSD Short Trade Setup

13 thg 3, 2018

Hello traders.

I'm waiting for breakout to take short trade, because I'm expexting a big down move in higher degree, so it will make a weekly regular flat corrective structure. As you can see there is a possibility for one more up side for bigger correction before it came down. I think taking the trade is good idea, but stoploss should be moved to breakeven when it breaks last bottom to avoid losing money.



If you think this is a valid forecast and good trade setup, please hit the like button.
I appriciate that if you leave a comment and let me know what do you think about this idea.

Trade with care...

14 thg 3, 2018

Ghi chú

It made a bigger corrective structure, but in my opinion it is still a corrective structure. So, I'm keep looking for short trade setups. I start to wait a correction after small drop in order to take short trade. In the mean time I have an entry order below previous bottom.

14 thg 3, 2018

Giao dịch đang hoạt động

16 thg 3, 2018

Ghi chú

It broke the previous bottom. Move stoploss to breakeven. If a down impulse is in the making, otherwise it can reverse.

16 thg 3, 2018

Ghi chú

Typo in the previous comment.

It broke the previous bottom. Move stoploss to breakeven. If a down impulse is in the making it should go down, otherwise, it can reverse.

16 thg 3, 2018

Ghi chú

I closed half of my trade. It reached my target and I'm looking for upside for the bigger correction. Just in case I decided to keep half of it because it can keep going down.

21 thg 3, 2018

Ghi chú

The second half of the trade stopped out with break even. So, it was a nice trade and some profit. I'm looking for sort trade setups again.