XAUUSD Taken a Buy trade

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Hello Traders!

After the descending channel and a strong bullish candle, I have taken the long trade. Gold is on an uptrend as you can see in the chart.

Market-BUY: 1776.26
Stop-Loss: 1772.00
Take-Profit: 1788.50

Stop-Loss: 42 pips
Risk: 1%

Risk-Reward: 2.67

What do you think?
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Very good setup. Taken partial profit and SL at break-even...
Chart PatternsMoving AveragesTrend Lines

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