(J) Trade 2 : Following Short term trend #Gold

Update: Stopped out
Profit = - $600.
Balance= 30,000-600 = 29,400.

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Trade 2: Pending Short XAUUSD @ 1180.00
S.L @ 1186.00
T1 1171.00
T2 1163.00

For 30,000 Capital, and 2% risk per trade=$600, Position size = 1 lot ( 0.5+0.5)
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Reasoning:

• Short term trend down, lower highs and lower lows.
  
• Price is trading in a falling channel
  
• Retested areas near the top of the channel and 1180.00 horizontal resistance
  
• Price printed long legged doji candle at that resistance.
  

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