Double top price action pattern on a daily resistance level. Engulfing bearish candlestick formation.
Long term sell trade with multiple take profits along the way.
If the price shoot up and breaks 1485.00 level we will be looking for a buy trade setup.
So far a sell trade is active with a STOP LOSS to protect my account. As indicated on a chart.
Please do check my last XAUUSD post to understand better.
Thank You.
>ANALYSIS
>TRADING PSYCHOLOGY
> RISK MANAGEMENT
Long term sell trade with multiple take profits along the way.
If the price shoot up and breaks 1485.00 level we will be looking for a buy trade setup.
So far a sell trade is active with a STOP LOSS to protect my account. As indicated on a chart.
Please do check my last XAUUSD post to understand better.
Thank You.
>ANALYSIS
>TRADING PSYCHOLOGY
> RISK MANAGEMENT