Short Gold on break lower of inside bar formation
After making a double top it looks to me 
XAUUSD will swing lower.
I will time my entry at the break lower of the current inside bar formation.
I will place my stoploss halfway the mother candle.
I plan my take profit at 3R, which coincides with previous support and resistance level.
XAUUSD will swing lower.I will time my entry at the break lower of the current inside bar formation.
I will place my stoploss halfway the mother candle.
I plan my take profit at 3R, which coincides with previous support and resistance level.
Note
Dollar seems to be weakening. A bullish pinbar formed today on Gold. I will be looking to get out of my short position at around break even. Then a little bit lower I will try to get into a long position.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.