XAU / USD 1829.13 - 0.16 % SHORT IDEA * REVERSAL & STRU. PTTNS
HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL AFTER A SIGNIFICANT BULLISH RALLY TO RETEST THE ASCENDING CHANNEL & RESISTANE LEVEL $1,832.
* The METAL was trading in an ascending channel but seems the channel was consolidating in a bull flag/ DESCENDING CHANNEL as we awaited a BREAKING OUT OF THIS structure.
- Short term the METAL has currently Rallied with an up trend as WE break above on the 4h chart. hitting ( HH , HL )
- Looking for SHORT entries on the METAL this week should all the rules of the formation be met, the are multiple wick rejection at the supply zone which could signally slowing down or rather a change in momentum.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL AFTER A SIGNIFICANT BULLISH RALLY TO RETEST THE ASCENDING CHANNEL & RESISTANE LEVEL $1,832.
* The METAL was trading in an ascending channel but seems the channel was consolidating in a bull flag/ DESCENDING CHANNEL as we awaited a BREAKING OUT OF THIS structure.
- Short term the METAL has currently Rallied with an up trend as WE break above on the 4h chart. hitting ( HH , HL )
- Looking for SHORT entries on the METAL this week should all the rules of the formation be met, the are multiple wick rejection at the supply zone which could signally slowing down or rather a change in momentum.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
