A profitable long trade on gold 15mn chart
Hello traders,
as you can see from the chart, actually the weekly level was almost hit and.Take Profit was almost hit But because of the lack of the momentum.The trend started the move. The upper move started dying down because there was no more bullish momentum That led. That led to the.end of the the higher move, anyhow we were able to lock in some profits and the trade was pretty neat.Notice also that the move was starting from yesterday, not only today and strong momentum that took place since yesterday and the volume died down and the market started reversing This is a natural process that happens all the time in the markets after a long move and a long run, but at the end of the day.i am glad i was profitable
as you can see from the chart, actually the weekly level was almost hit and.Take Profit was almost hit But because of the lack of the momentum.The trend started the move. The upper move started dying down because there was no more bullish momentum That led. That led to the.end of the the higher move, anyhow we were able to lock in some profits and the trade was pretty neat.Notice also that the move was starting from yesterday, not only today and strong momentum that took place since yesterday and the volume died down and the market started reversing This is a natural process that happens all the time in the markets after a long move and a long run, but at the end of the day.i am glad i was profitable
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