XAUUSD LONG- ASIA SESSION - 1:6 RR
Updated
Good Morning Asia,
On Monday, I shared a Long opportunity with my second target at 2369.80. Although I'm still holding this position, I've identified a scalp opportunity this morning with a good R:R opportunity of 1:6.
Price is currently accumulating and preparing for that final bullish expansion towards 2369.80. I believe a bearish continuation in-line with the Daily will take place after this move, see below:
https://www.tradingview.com/x/nCfQjLjt/
On the LTF, price is currently in a 15mins bullish range. Therefore, I'm anticipating a purge of the recent low within the 15mins range at 2357.78. This is where I'll be entering with my SL below the low. My target is 1:6 towards 2347.35
Trade safe and use appropriate risk.
On Monday, I shared a Long opportunity with my second target at 2369.80. Although I'm still holding this position, I've identified a scalp opportunity this morning with a good R:R opportunity of 1:6.
Price is currently accumulating and preparing for that final bullish expansion towards 2369.80. I believe a bearish continuation in-line with the Daily will take place after this move, see below:
https://www.tradingview.com/x/nCfQjLjt/
On the LTF, price is currently in a 15mins bullish range. Therefore, I'm anticipating a purge of the recent low within the 15mins range at 2357.78. This is where I'll be entering with my SL below the low. My target is 1:6 towards 2347.35
Trade safe and use appropriate risk.
Trade active
Trade closed: stop reached
Re-entered with my new stop at 2354.72
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