Gold Spot / U.S. DollarUpdated XAU/USD (GOLD) TRIANGLE BREAKOUT - READY FOR LONG ????
XAU/USD (GOLD) TRIANGLE BREAKOUT - READY FOR LONG ????
What I see right now is Triangle BREAKOUT but I AM NOT GONNA ENTER ANY LONG POSITION for two reasons below:
1. Wyckoff Distribution (The end of Distribution).
2. CHANGE BIAS??? I would like to see XAU up over 1770 first.
REMINDER: Please calculate R:R carefully before entering a position. Only risk 1% for every trade. This way helps traders live in the MARKET for good.
THERE IS NO EXCUSE for any one risk over 10% or 20%, they will be slapped in the face by MARKET.
What I see right now is Triangle BREAKOUT but I AM NOT GONNA ENTER ANY LONG POSITION for two reasons below:
1. Wyckoff Distribution (The end of Distribution).
2. CHANGE BIAS??? I would like to see XAU up over 1770 first.
REMINDER: Please calculate R:R carefully before entering a position. Only risk 1% for every trade. This way helps traders live in the MARKET for good.
THERE IS NO EXCUSE for any one risk over 10% or 20%, they will be slapped in the face by MARKET.
Note
This is the previous idea. SUCCESSFUL TRADE. TP over 140 pipsBEFORE :
ATER:
Trade active
XAU heading to 175x or 176x ?? Be careful with Volume Trade closed: target reached
TOOK ALL PROFIT, CLOSED ALL POSITIONWait for new signal
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