Hello traders,
Here is my analysis and trade idea on XAUUSD.
The price is approaching a supply zone after the consolidation. I am expecting price to continue the move upwards.
I’m hopping to see a move down to sweep the liquidity at the bottom of Asia lows and push back up again.
My target is 1790.023
BEFORE OPENING YOUR TRADE:
- Remember risk management is 1-2% of your capital
- Take profit of your position partially. Don’t leave money on the table.
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Go to a lower timeframe to find break of structure and change of character (Choch). Remember No Choch – No Entry!
- DON’T FOLLOW IDEAS BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE!
YOUR TRADE IS YOUR DECISION!
If you have your own view about it, please share your thoughts in the comments.
Happy trading!