Alan Solarsh closes a short trade for 125 pips after price breaks above the ATMA, then places a buy stop at a fractal with insurance one pip below the wick to catch the new bullish move.
125 pips.
One pip below the wick of the candle that has the fractal.
Right. So now the trend has reversed. This is what we're gonna do. So as you can see, the trend is reversed. The second candle opened above the atma the early hours of this morning. And that is when you would have closed out your short trade. So your short trades, you've got two of them open. So you would have made 125 pips on that trade, which supersedes your long trade. You could actually close out your cells and then close out your buy. But why would you close out your buy trade when the trend has reversed and it's going north? So now we've placed trade. I would place another buy stop at this fractal over there. This level over here, you would place buy stop and then don't forget to put your insurance in. So there is a fractal right at the bottom on that fractal, one pip below the wick of that candle that has the fractal. And then we'll ride the wave north. So stay tuned and let's see how much profit we make.
Double bottom forming - Gold ready for $4000 #trading #technicalanalysis #xauusd
