Short

XAU/USD (GOLD) - SIDEWAY - SCALPING

By The-Reaper

Updated

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i am stll keep an eye on a small correction to 1720. Keep waiting for signal for a SHORT position in short-term.

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Candlesticks Pattern in H4 tells me that PRICE have possibility to reach 1738~1740. If PRICE breakout 1732 and Candlestick formed a possible for LONG, I would enter a LONG position looking for TP 1736 (40 pips). RISK only 1% for this trade.

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Entered SHORT Position at 1730

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In this Sideway Period, I would like to take only 50 pips or 40 pips for every trade. Please manage your R:R, calculate 1% risk for every trade

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Took Profit 50% of POSITION at 1725.4. I would keep 50% left and move STOPLOSS to the ENTRY 1730. Let the market run for MAXIMUM PROFIT. Thanks for viewing my idea.

Trade active

Still keep 50% SHORT POSITION left !!!

Trade closed: target reached

CLOSED 50% SHORT POSITION LEFT !!! TP 1720 (100 pips)

The-Reaper

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