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Last Friday I executed a fairly confident sell position on Gold after price breached a strong price channel on H4. After initial strong push down, it unexpectedly moved back in channel zone. But wide SL was not in danger and it didn't take much time till the price moved to new lows again. And so big TP (400 pips) was reached after few hours. With this channel break I expect Bears will remain control with start of week
I unfortunately failed to recognize a very clear price channel on the H1 timeframe today, and therefore missed both a very profitable sell and buy position. Very frustrating for me. I promise to do better
A friendly hello to my first copy trader! Today is NFP day, which will very likely lead to high volatility in gold trading. Therefore, I will be a bit more cautious today and will only look for good scalping opportunities. I look forward to a good collaboration and please do not hesitate to contact me if anything is unclear