XAU/USD DAILY PINBAR

Type : Market Execution
Date : 21.5.2016
Time : 22:35 GMT +1
Technical : Daily IB ( Inside Bar ) & Daily Strong Old Support Trend line from 10.2.2016 - 1181.30 & Daily Pinbar with ATR 1138 ( normal 1701) & 2 support by Channells & Weekly BEOB ( bearish outside bar ) but we will try to long it
Pair : XAUUSD
Timeframe : DAILY
Trade setup : LONG
Entry at : 1250.84 ( 10 pips left ), ( entry on sunday, after the spread will be normal around 3 pips ), ( if will be a downtrend gap on sunday, entry in market direct )
Take profit 1 : 1276.00 ( 252 pips )
Take profit 2 : 1293.61 ( 427 pips )
Take profit 3 : OPEN ( we will tell you when to close it )
Stop loss : 1242.46 ( 84 pips )
Risk reward : TP1 = 1:3 TP2 = 1:5.08 TP3 = OPEN
Our risk : Retrace entry on PA pattern = 0.7% risk of all capital
Setup info : When the take profit one will be hitting, move stop loss to BE ( break even ), and after the take profit two will hitting move stop loss to take profit one.