CHECK LIST.
1. HORIZONTAL SUPPORT OR RESISTANCE
2. VERTICAL SUPPORT OR RESISTANCE ( TRENDLINE)
3. AT LEAST THREE TOUCHES OF THE TRENDLINE
FOR SELL
1. HORIZONTAL SUPPORT
2. VERTICAL RESISTANCE ( TRENDLINE)
FOR BUY
1. HORIZONTAL RESISTANCE
2. VERTICAL SUPPORT ( TRENDLINE)
ENTRY...
Some of the best practices
1. Practice with similar amount that you plan to fund in live account
2. Practice your risk management on every trade in demo
3. Practice at good trading hours
4. Familiarize yourself with few pairs to understand how they move.
There is a possibility for that to happen, however if you take a look at the monthly charts of Gold you will see its becoming overextended and might retrace to the downside anytime soon. hope you were able to book some profits with the long position you took?
possibility for a sell on CADJPY. Remember trading is reactive, you have to be able to adapt to what the market gives you, not what you want the market to give you. lets see how this plays out