MrK_Lion

XAUUSD new direction trade in next

MrK_Lion מעודכן   
OANDA:XAUUSD   זהב / דולר אמריקאי
we been tp 1710 and 1695 area now wait for next trade soon which we no rush to go for entry wait my update...current chart draw some basic idea of potential movement let see how it react at those level to decide further.
הערה:

got few nice engufing there show upside momentum there but no rush we wait higher low chance to entry...wait for better confirmation and no FOMO
הערה:

if look on the situation assume that it making bullish move....then the next potential entry point will be those green circle area which we will look further to find entry if it valid there
הערה:

decide to take a short here seem like it going to touch down further before it turn upside
הערה:
beware of this high risk trade too if it able to close some full candle above the 1710 then i may consider cut the trade and turn into bullish bias
הערה:

do one open long position here too
הערה:

the short position SL move to 1712 area

the long position remain the same
הערה:

CUT LOSS on the short position and remain the bull position open
הערה:

if it touch 1721.500 and rsi still havent touch above 70 then we extend the TP to top red zone 173x area and move sl to breakeven
הערה:

move sl to breakeven and extend the range of tp
הערה:
previous entry breakeven it since it drop down hit it...now re open one more position
הערה:

in case it fail to stay firm above this zone we move sl to breakeven again to protect
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