Gold TF H1 09.06.20 Short
Gold H1
Sell Stop 1690.45
SL 1701.50 (Loss 110 Dollar)
TP 1670.75 (profit 197 Dollar)
Reason to sell:
1. Rising wedge H4.
2. Support become resistance area
3. Fibonacci 50 to 61.8 area
Reason to doubt:
1. Strong up trend for D1.
2. No candle stick
3. No strong oscillator signal
If price reached 1715 this sell stop become invalid,.depending on candle formation around Fibo 61.8 I might manually execute sell with tighter SL and bigger TP. It is a strong up trend and we got falling wedge in D1; but I don’t think here is a good buy. Sell more appealing for short term 2-3 days.
Risk to reward 1:2
Disclaimer on
Please use proper money management; may the Pips be with you :)
Sell Stop 1690.45
SL 1701.50 (Loss 110 Dollar)
TP 1670.75 (profit 197 Dollar)
Reason to sell:
1. Rising wedge H4.
2. Support become resistance area
3. Fibonacci 50 to 61.8 area
Reason to doubt:
1. Strong up trend for D1.
2. No candle stick
3. No strong oscillator signal
If price reached 1715 this sell stop become invalid,.depending on candle formation around Fibo 61.8 I might manually execute sell with tighter SL and bigger TP. It is a strong up trend and we got falling wedge in D1; but I don’t think here is a good buy. Sell more appealing for short term 2-3 days.
Risk to reward 1:2
Disclaimer on
Please use proper money management; may the Pips be with you :)
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.