XAUUSD LONG

{WARNING: for educational purpose only, you are advised to do your calculations before taking trades based on this idea. GOOD LUCK}

the 1.272 fib extension of AB matches exactly under 5 pips to 0.786 fib retracement of XA

it is time to take our profit from our short term SHORT we predicted earlier

closing SHORT at 1773

our new LONG (BUY LIMIT) entry would be 1772

manage your risk to reward ratio

i use a 1:1 risk to reward ratio here

advisable SL at 1759

i use fib ret to TP

good luck once again

COMMENT SESSION OPEN