I will be getting short Gold and have laid out two entries. On smaller time frames Gold has already fired a perfect sell signal that played out 1x1 perfectly. That being said I love to take entries when stops are being hit. If price will give me the chance I'll risk 1 contract at the strategic entry and 1 contract breaking through the low as an aggressive entry.
I'll ride it out to T2 and trail from there.
Strategic entry 1356.1
Aggressive entry 1340.3
Stop at 1366.5. Hopefully we don't need it.
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Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!
Cant help but feeling like maybe its another opportunity... The original entry is now at a loss and we are close to the strategic entry. Perhaps if the market starts looking heavy into tomorrow I'll think about shorting but for now, I'm holding half the original position for T2 or stoploss