I have been watching gold -0.13% . Anticipating, a long position; Within this bullish channel . 3 steps of higher highs and higher lows are seen on the Daily Chart .
After those seris of moves. We have a ascending wedge . This trade can be executed a few different ways. My way is the most simple,with the best risk reward. As i am typing this, my entry of 1262.85 was hit.
A more advanced idea to scale up the trade. And have another TP at 1277.00
This setup is known as a trend continuation trade. Within a bullish ascending wedge . Please trade at your own risk.