GOLD bearish short-term idea (H1/H4) Short

Gold/U.S. DollarFXCM

Description

⋅ Nov 2, 2017 4:12 PM

Hello All!

Gold tried to breakthrough line 2-4 of the major pattern (dark purple) and formed another minor bearish WW formation (yellow):

If yellow wave is successful, it'll finalize the creation of major purple project.

Opened 6 short positions with SL slightly above the recent peak (yellow point 5) with TP at 1267/1256.

Trade active

⋅ Nov 3, 2017 3:06 PM

TP1 reached successfully,half of positions closed, for remaining shorts SL moved to breakeven:

Trade closed manually

⋅ Nov 6, 2017 4:56 PM

Remaining positions were closed manually as the price kept going up, the last one was kept until SL at breakeven was hit.