XAUUSD 1H bearish structure

5. Jan.

Gold turned bearish after breaking structure lows.
Price taken out inducement as form of recent swing high. Creating change of character in 5 min timeframe. Good set up for sell entry with 1:3 RR

5. Jan.

Anmerkung

one can choose to keep previous 15 min swing high as stop loss in order to get better risk and reward

5. Jan.

Anmerkung

Added entry based on SCOB. With higher RR. Check out related Idea

5. Jan.

Anmerkung

30 PIP already. and 20 PIP on other entry. 20 more PIP and we are out 50% and go break even so that its a risk free trade

5. Jan.

Anmerkung

Here we go break even. on both the trades

5. Jan.

Anmerkung

out 50%

5. Jan.

Anmerkung

Good follow up move after break

5. Jan.

Anmerkung

Price could form base between 2040.50 and 2036.30 before proceding towards 2030.50

5. Jan.

Anmerkung

Any aggressive move upside breaking this range (2040.50) would be red flag

5. Jan.

Anmerkung

82 PIP and 70 PIP moved on respective trades. Clossing 80%. No More updates. Call it a day.

5. Jan.

Trade geschlossen: Ziel wurde erreicht

TATA! BYE BYE! GAYA
Target Hit