Trading With Linorth
#Gold - #update

gave us a clean entry and now I have put 1:1 to 1:3 targets on the chart.

I think its going to at least attempt to create a head and shoulder pattern, yet I think we are likely to see a correction to the down side once it reaches 1746 price before it continues the upward movement again. so I think its a good idea to close out around 1745.45

or you can just close half of your volume on 1:1 target and free risk the rest (putting stoploss 5 pips above entry price)
Linorth, 

3 comments

varun m
Should we close the open orders to protect from gapping after weekend?
Matthias Beeguer
Thursday and fridays are big reversal days so if on the 4hr it's been going one direction all week with a reversal maybe on Tuesday or Wednesday.... on friday the chances of it to reverse are big. My 2 cents anyways
varun m
I see. Interesting