Gold: How to Short in the Bearish Market
How we can trade Gold using Ichimoku indicator?
When the price moved below the cloud, the market became bearish. The breakout below the local uptrend line gave us a trading signal for shorting. As you can see, that trade could give a nice profit. What's next?
The price is going to bounce from the cloud. If the price breaks the local uptrend line, it will give another trade opportunity. We will be able to open short trades with stop orders above the local swing high. The profit target can be based on 1:2 ratio. Risk per trade must be no more than 2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
When the price moved below the cloud, the market became bearish. The breakout below the local uptrend line gave us a trading signal for shorting. As you can see, that trade could give a nice profit. What's next?
The price is going to bounce from the cloud. If the price breaks the local uptrend line, it will give another trade opportunity. We will be able to open short trades with stop orders above the local swing high. The profit target can be based on 1:2 ratio. Risk per trade must be no more than 2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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