XAUUSD 1694.39 -0.19 % LONG IDEA * STRUCTURE & PRICE ACTION
Updated
Hello everyone
Hope this week has been a good one to you and your loved one's, Here's a look at the metal GOLD from a swing perspective coming from the 4H chart.
* The metal has been on a downward spiral breaking lows left right center in a descending channel respecting this structure to some extent.
* Looking for the base of this structure to hold and see momentum coming in with the bulls in the coming week.
* should the trade be triggered the target is resistance level 1764.61 as this is the structure aligning perfectly with the price.
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope this week has been a good one to you and your loved one's, Here's a look at the metal GOLD from a swing perspective coming from the 4H chart.
* The metal has been on a downward spiral breaking lows left right center in a descending channel respecting this structure to some extent.
* Looking for the base of this structure to hold and see momentum coming in with the bulls in the coming week.
* should the trade be triggered the target is resistance level 1764.61 as this is the structure aligning perfectly with the price.
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Trade active
KEEP TRAILING ?/ DO NOT ADJUST SL OR DO NOT TIGHTEN SL
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