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hasanr176

Bear flag in XAUUSD (gold)

Short
Gold Spot / U.S. Dollar (FXOPEN:XAUUSD)  
hasanr176 Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis goldtradingstrategy shorttrade longsetup sentimentalanalysis dxyindex XAUUSD tradingrange bearflagpattern
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trendanalysis chartpattern beyondta goldtradingstrategy shorttrade longsetup sentimentalanalysis dxyindex xauusd tradingrange bearflagpattern
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...
Comment:
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...
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