8/14 Gold Trade Review & 8/17 Gold Target
8/14 Gold Trade Review
1) The price fell to the strong support line at 4313. I took quick long scalps, about 20 pips × 5 times
A bullish engulfing candle formed on the 1-hour chart, so I entered long (day trading) and took full profit around 4350
2) The main plan was to sell on a pullback, so I shorted after confirming a bearish candle around 4350 ⇒ SL?
3) Then around 4395 a bearish candle formed; since it was weak, another bearish candle to short and sleep on it ⇒ ended up at breakeven?
The gains from the long were large, about +300 pips!
8/17 Gold Targeting