Bearish 78.6% Retracement

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Trading Plan

• Visual interpretation of Fibonacci retracement plotted as ABC on chart
  
• A price movement of 61.8% in direction of A to B projected from C
  
• Pending limit order at 23.6% in direction of A to B projected from C
  

Trade Management

StopLoss: C
TakeProfit: 1.618 of AB projected from C

Good luck to everyone trading gold!

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تم فتح الصفقة

Sell limit pending

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تم فتح الصفقة

Sell limit filled

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أغلقت الصفقة: تم الوصول لوقف الخسارة

-1%

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ملاحظة

Closing 33% at the .618 level would mitigate risk to roughly 16% of initial position.

In this case, the loss of the trade had been only .16% compared to the initial 1% risk.