Gold - close 2/3 of long positions


Good afternoon traders! A slight revision of the trading idea on June 16 :

The initial idea was to work out the pin bar in order to update the monthly stops of sellers:


However, at the European session yesterday, gold falsely updated the local market, breaking out from the levels reached in the last three trading days:


Such a scenario is classified as "uncertainty" in the Price Action strategy. When it appears, it is necessary to close most of the position in the trend. Thus, close 2/3 of long positions and leave 1/3 at the level of 1745.

Good luck in trading and make sure to control the risks!

The material has been provided by InstaForex Company -