2nd Trade of The Year : BUY XAUUSD at Pullback
My own trade plan:
Good day traders.
- As my SELL postion still open, i am loking for Long after the pullback. i will close my Short positions when pullback happen.
- I have drawn 3 area which i think very strong support to bounce back. 3 lines to minitor as dip to buy.
- This analysis based on DAILY timeframe which i believes will takes time for confirmation.
- Price may going up now to attract retail traders for Long but wait for the pullback. Market makers will pushdown the price and suck our stoplost before move up. ( lesson learned for this pair ) .
Good luck
Good day traders.
- As my SELL postion still open, i am loking for Long after the pullback. i will close my Short positions when pullback happen.
- I have drawn 3 area which i think very strong support to bounce back. 3 lines to minitor as dip to buy.
- This analysis based on DAILY timeframe which i believes will takes time for confirmation.
- Price may going up now to attract retail traders for Long but wait for the pullback. Market makers will pushdown the price and suck our stoplost before move up. ( lesson learned for this pair ) .
Good luck
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