Bear flag in XAUUSD (gold)

Feb 8, 2023

As we can clearly see a bear flag pattern in 2 hr time frame .Here we will get the good trade in the terms of risk and reward in both the directions just after the breakout or Breakdown of the consolidation phase in either direction. I am more confident towards the shorting side as compared to the long side just because of the short term negative sentiments of the market.

Manage proper risk reward/position size
Happy learning...

Feb 8, 2023

Note

As we can clearly see a bear flag pattern in 2 hr time frame .Here we will get the good trade in the terms of risk and reward in both the directions just after the breakout or breakdown of the consolidation phase in either direction. I am more confident towards the shorting side as compared to the long side just because of the short term negative sentiments of the market.

Manage proper risk reward/position size
Happy learning...