I am looking for a Gold short around 1299.00 area. I will be looking to take profit around the 1285.00 area which would be about 140 pips. I have a 16 pip SL. Good risk to reward ratio. Hitting a 4 hr trendline along with confluence of an EMA crossover at the trendline at the 1299.00 area. I will be placing a sell limit at that area and continuing to ride the down trend. Using my D/4hr strategy mixed with the 15M MMM I use for entries.
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Trade active. Currently up +16 pips.
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Trade Hit Stop in Proft, +1 pip