XAGUSD IN A SUPPLY ZONE. REVERSAL EXPECTED.

Mar 26, 2020

XAGUSD is currently in a Supply Zone.
What we can expect is to see a reversal from this area until the Demand Zone.
Alway wait for a reversal pattern or a reversal closed candle to take a Short Position.

A simple setup that can provide a RiskRR 6 times bigger.

*My Short position as illustrated (SL an TP) is just an indicated position with an indicate stop loss that need to be defined [/I]after an inversion signal. I always suggest to place stop loss little bit more high than the currently resistance/support formed to don't take fake stop loss (set your stop loss at a level where it invalidates your trading setup).

Tap a LIKE if you think is a useful idea and comment below if you would share also your idea!
Please do your own research, and follow your trading plan with a properly Money Management.

Mar 27, 2020

Note

As wrote in XAUUSD analysis, its from yesterday that we had a whipsaw in price action, not only for Metals, but for any type of market. Let's see how markets are gonna play in the next week.
I recommend to wait and to don't leave any opened position during the weekend due to the gaps & especially for Coronavirus fact.

Mar 30, 2020

Trade active

Apr 6, 2020

Note

Partially profit were taken at -9.90% level where the price started to bounce again. I will publish again a new trading idea later.

Apr 7, 2020

Note

Level 13.87 Trade Closed. Hope you used a trailing stop loss in your advance. Stay tuned.