Today, for the London DayBreak Strategy, we will take a look at XAUUSD. On the H1 chart, the bears are clearly in charge in XAUUSD. However, for the past 10 sessions, the bears seem to have lost some steam and the pair is consolidating before another breakout.
Join Our 30 day $7 Trial Offer
The Super Forex Launcher Trend Reversal System
Like we have with all the London DayBreak Strategy, we will enter only into position if the Bears take charge. So our approach has to be a sell stop order for this trade idea.
- Sell Stop order: 1323.16
- Stop Loss: 1326.78
- Take Profit: 1318.00
- Expiry: if this order is not triggered in 5 hours, let this trade expire.
Last note… sometimes in our haste to get the signals out, you can expect some mistakes/overlook. Please use common sense when entering the trade. Any questions or feedback… comment below. Have fun and good luck with this trade.
How I Became a Consistently Profitable Trader
Other Analysis Today