Good afternoon traders! A trading idea for gold.
Sellers have been placing their stop orders below 1745 over the past month. This morning, a false breakout from the quote 1721 occurred, so I suggest placing stop orders higher than 1745 in the chart.
Plan:
Risks can be limited to a false breakout this morning, or try again during the American session.
The profitability of the transaction is 1/4.
Good luck in trading and make sure to control the risks!