XAGUSD is currently in a Supply Zone.
What we can expect is to see a reversal from this area until the Demand Zone.
Alway wait for a reversal pattern or a reversal closed candle to take a Short Position.
A simple setup that can provide a RiskRR 6 times bigger.
*My Short position as illustrated (SL an TP) is just an indicated position with an indicate stop loss that need to be defined [/I]after an inversion signal. I always suggest to place stop loss little bit more high than the currently resistance/support formed to don't take fake stop loss (set your stop loss at a level where it invalidates your trading setup).
Tap a LIKE if you think is a useful idea and comment below if you would share also your idea!
Please do your own research, and follow your trading plan with a properly Money Management.
What we can expect is to see a reversal from this area until the Demand Zone.
Alway wait for a reversal pattern or a reversal closed candle to take a Short Position.
A simple setup that can provide a RiskRR 6 times bigger.
*My Short position as illustrated (SL an TP) is just an indicated position with an indicate stop loss that need to be defined [/I]after an inversion signal. I always suggest to place stop loss little bit more high than the currently resistance/support formed to don't take fake stop loss (set your stop loss at a level where it invalidates your trading setup).
Tap a LIKE if you think is a useful idea and comment below if you would share also your idea!
Please do your own research, and follow your trading plan with a properly Money Management.
Nota
As wrote in XAUUSD analysis, its from yesterday that we had a whipsaw in price action, not only for Metals, but for any type of market. Let's see how markets are gonna play in the next week. I recommend to wait and to don't leave any opened position during the weekend due to the gaps & especially for Coronavirus fact.
Dagangan aktif
Nota
Partially profit were taken at -9.90% level where the price started to bounce again. I will publish again a new trading idea later.Nota
Level 13.87 Trade Closed. Hope you used a trailing stop loss in your advance. Stay tuned.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.