Short term position
Good opportunity for sell, sell limit at 1797 within the descending 15 minutes channel.
SL 1800 (30 pips)
TP 1790 (70 pips)
As gold is in a long term ascending trend, i will not take any risk while i'm shorting it that's why i make a SL as tight as it, if it touch i will wait a pullback for a long term buy position (1790-1795 area).
But if it goes to the bottom of today's descending channel, we will take great profits.
Good luck guys and i hope we will hit the TP, my feeling are very good for this idea, what's your opinion ?
SL 1800 (30 pips)
TP 1790 (70 pips)
As gold is in a long term ascending trend, i will not take any risk while i'm shorting it that's why i make a SL as tight as it, if it touch i will wait a pullback for a long term buy position (1790-1795 area).
But if it goes to the bottom of today's descending channel, we will take great profits.
Good luck guys and i hope we will hit the TP, my feeling are very good for this idea, what's your opinion ?
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