Continuation of my previous idea

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We now have a better entry than my previous XAUUSD ideas. Same long bias. This time price has retraced and bounced off a support level printing a cup and handle pattern. On the M30 timeframe you can find a bullish engulfing candle as confirmation.

Day trade 1:1.75 Risk-reward with a conservative stop below the cup. Aggressive traders may place their stops below the handle for better RR. Good luck

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ملاحظة

Trade P/L: -65 pips / -100%

There is a good amount of downward momentum. Let's see how this develops later in the London session.