Bearish 78.6% Retracement

5 Nis 2021

Trading Plan

• Visual interpretation of Fibonacci retracement plotted as ABC on chart
  
• A price movement of 61.8% in direction of A to B projected from C
  
• Pending limit order at 23.6% in direction of A to B projected from C
  

Trade Management

StopLoss: C
TakeProfit: 1.618 of AB projected from C

Good luck to everyone trading gold!

5 Nis 2021

İşlem aktif

Sell limit pending

5 Nis 2021

İşlem aktif

Sell limit filled

5 Nis 2021

İşlem kapandı: durdurma seviyesi

-1%

5 Nis 2021

Not

Closing 33% at the .618 level would mitigate risk to roughly 16% of initial position.

In this case, the loss of the trade had been only .16% compared to the initial 1% risk.