Condizioni di trading
Strumenti
Gold declined yesterday after a week-long rally. It remained at lows until the close of the trading session. Accordingly, bulls were able to set stop loss under $ 1,845.
As seen in the chart, there are three wave patterns where wave A represents the selling pressure seen on Tuesday. This enables bears to take short positions up to the 50% retracement level of $ 1,860 - $ 1,864. As such, stop loss could be set at $1,872, while profit could be taken on the breakdown of $1,848, $1,844 and $1,840.
The profitability of this transaction is 1.5:1.
Good luck and have a nice day!
The analysis is based on Price Action and Stop Hunting methods.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.