Xauusd short
With the Down trending I’m keeping this very simple..
It looks like a clean back test on the last support and not breaking, an suspected to long down to a strong support on daily chart.
If it breaks this point it could start the uptrend we have been waiting for but as we follow the trend I am taking a small risk and good reward ratio on this simple set up.
Trade smart and never over lot size, wise man once told me it will hurt more over lot sizing then it will wishing you added more lots.. I’ve learnt this lesson many of times.
( chart is on my phone, when I get the opportunity to jump on pc will do some better charts and better descriptions)
It looks like a clean back test on the last support and not breaking, an suspected to long down to a strong support on daily chart.
If it breaks this point it could start the uptrend we have been waiting for but as we follow the trend I am taking a small risk and good reward ratio on this simple set up.
Trade smart and never over lot size, wise man once told me it will hurt more over lot sizing then it will wishing you added more lots.. I’ve learnt this lesson many of times.
( chart is on my phone, when I get the opportunity to jump on pc will do some better charts and better descriptions)
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