XAUUSD Short - Breaking of month long channel
XAUUSD is gaining bearish momentum on the bottom range channel that has contained price since for a month. Once the price breaks again, I see XAUUSD moving down to my target of 1157 which is a 22 point drop.
The stop loss is an emergency stop loss. I do not place them to keep a 2:1 ratio of wins to losses or a set distance away. I always place my stop losses in areas where the probability of it being touched is very low. It is an emergency stop loss that I move down as momentum increases in my direction.
The stop loss is an emergency stop loss. I do not place them to keep a 2:1 ratio of wins to losses or a set distance away. I always place my stop losses in areas where the probability of it being touched is very low. It is an emergency stop loss that I move down as momentum increases in my direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.