XAUUSD USING SLK STRATEGY
Gold is still bearish for me. On the daily timeframe, we had a break of structure to the downside which signals the sell continuation.
Here on the 4hr timeframe, I can see a clear breakout to the downside with Asian session serving as the liquidity. I will be waiting for the liquidity to be swept and afterwards look for entry on the smaller timeframe. It should be a nice ride to the downside.
My short limit is set for this pair. I’m following the bearish trend.
Gold looks bearish on the weekly timeframe. There are series of breakout to the downside on the weekly timeframe.
I will be executing a long trade at this zone . My decision tool shows the figure for for my entry, stoploss and take profit.
I’m bearish on this pair, Gold had a breakout to the downside and there was also a candle rejection and closure at that breakout keylevel. This shows how Gold is bearish on the daily timeframe. I will position myself for sells.
I just took a short trade on the 5min timeframe. The target is 1:1rr.
I just took a short trade on the 5min timeframe. The target is 1:1rr.
Stoploss hit and price now moving in my direction.
I am shorting this pair atm
This trade is in profit.
Currently, on the daily timeframe this pair is bearish. Why? The image attached shows that we have a breakout to the downside and there is also a sell target to be met. This week, i will prioritize sells for this pair.
I entered a short for this pair. The week has started already.
Short trade execution
