UnknownUnicorn163516

Not going to Long Gold while it is inside of descending channel

FX:XAUUSD   Gold Spot / U.S. Dollar
I am globally LONG oriented at Gold. However, the price is inside of descending (falling) channel. So, my approach with trading it right now - to Long above a red line and Short below a red line. This technique doesn't protect from huge accidentally moves.
Trade active:
I am Long now. Descending channel helped me to enter Long much lower. Look at my new setup.
Trade closed manually
Order cancelled:
The dangerous asset. A rigorous risk management is mandatory.
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