GOLD ----- Head & Shoulders pullback

22 ก.ย. 2021

Buying in the pullback following the Head & Shoulders depicted on Gold 1H chart above.
Incoming Stochastic buy signal near the support level of 1767 and also oversold as per Bollinger Bands.
The Head & Shoulders consist of 70 bars in total, and is acceptable to be considered a standard pattern.

Entry @1767. SL @1757, TP @1790

23 ก.ย. 2021

ปิดการเทรด ด้วยตนเอง

Beware of the Shooting Star on Sep 22, daily chart. You can read my previous explanation of the Shooting Star in the example of AMD in my profile that turned so accurate.

Basically, this idea was quite nice, but there was too little time for the execution of the forecast yesterday. Now 2/3 of the position is closed manually @1765

23 ก.ย. 2021

ปิดการเทรด ด้วยตนเอง

Position closed manually @1765.03, total loss of 1.97 points.
Risk control is of great importance when trade on margin.