XAUUSD COUNTER TREND LONG

7 Mar 2019

Gold's strong bearish run is due a pullback, price has overextended into the red demand zone, with divergence on the RSI and favourable price action giving entry for a counter trend long opportunity. Stops are place a 1H RSI below the red zone.

7 Mar 2019

Not

Closed at breakeven, I dont want to hold this overnight twice as swaps are accumulating and I think it will remain rangebound until NFP tomorrow, which means I will not be able to make it risk free before the release.

14 Mar 2019

Not

TP HIT if you held this trade + 2.12%