Not exact matches
Notice that we had a nice 2R profit off this
setup that ended in a
bullish pin bar from support as of last Friday which may
well lead to a buying opportunity (See our daily members commentary for updates on this).
Looking at examples of both
bullish and bearish
setups in gold we can see that options offer a trader superior risk management and
better reward to risk ratios.
This trade
setup looked
good for two reasons: the
bullish outside reversal bar right before the day we entered, and the wedge pattern.