Update: Reached First target, Cancelled Trade. -----------------------------------------------------------------------------------------------------------
Gold hit descending resistance , where price was rejected, lets try to short the strongly trending market one more time. I placed a short limit at 1230.00, target one at 1216.00 and target two near the latest low at 1208.00. Stop loss at 1240.00
Best of Luck , join me at twitter.com/thefxchannel Also at my Facebook page thefxchannel.com My best regards, Technician ================================================================== Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop loss is then moved to break-even 4. Second unit would be closed at second target 5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled 6. Remember: Losing is a main part of the game
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