XAUUSD/ GOLD Long position after reversal
Previously i had posted a long bias sign to go forward and placing a long position.
News, and US stocks were doing pretty good due to positive talks with China and the trade war/
Cannot blame it, the market itself it's fully of probabilities, it's up to us as traders to look back in the past because patterns would repeat and so on, some areas and price levels.
As it now, the XAUUSD it's for the second time in less than 2 weeks the 1480's 1475- Price Range, and for what we've seen this does not last longer to go back up and reaching new Higher Levels. Looking more in a downtrend, we might be in front of a false break down, and placing orders it would necessarily be taken by your own risk management, you can join the wave or the wave will take you out.
Reversal positions would be taken at 1478/ placing a stop loss till 1473 which is the last Support Level.
REMEMBER TO GO REALISTIC WITH YOUR LOT SIZE, DONT GO TOO BIG OR TOO SMALL, GO ABOUT RIGHT, Which is going to give you the change to survive this very volatile option in the market such as XAAUSD.
i wish all of you a great day of great money management, and LETS GO A KILL IT THIS WEEK !!!
News, and US stocks were doing pretty good due to positive talks with China and the trade war/
Cannot blame it, the market itself it's fully of probabilities, it's up to us as traders to look back in the past because patterns would repeat and so on, some areas and price levels.
As it now, the XAUUSD it's for the second time in less than 2 weeks the 1480's 1475- Price Range, and for what we've seen this does not last longer to go back up and reaching new Higher Levels. Looking more in a downtrend, we might be in front of a false break down, and placing orders it would necessarily be taken by your own risk management, you can join the wave or the wave will take you out.
Reversal positions would be taken at 1478/ placing a stop loss till 1473 which is the last Support Level.
REMEMBER TO GO REALISTIC WITH YOUR LOT SIZE, DONT GO TOO BIG OR TOO SMALL, GO ABOUT RIGHT, Which is going to give you the change to survive this very volatile option in the market such as XAAUSD.
i wish all of you a great day of great money management, and LETS GO A KILL IT THIS WEEK !!!
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