Golden ideas for week ahead - XAUUSD
Charted some zones on the 4 hour time frame and refined entries on 1h. Limit orders can be placed at some of these levels. If at the screen, then best to wait for Price action confirmation.
I usually draw the reversal trade, if the original trade idea is stopped out.
Trades in the deeper half of a zone, offer higher RR and best to trail to further targets. Zones at the edge of a swing are higher probability than in the middle.
Limit order targets are usually set around 5R.
Hope you have gained some value! Good luck
I usually draw the reversal trade, if the original trade idea is stopped out.
Trades in the deeper half of a zone, offer higher RR and best to trail to further targets. Zones at the edge of a swing are higher probability than in the middle.
Limit order targets are usually set around 5R.
Hope you have gained some value! Good luck
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