GOLD SHORT STRUCTURE + 0.618 PLAY
1. Price action shows rejection at 0.618 level. Prices were not able to push above it.
2. Retest of the structure after breaking down +. Two inside bars with one coming after the other.
3. Previous candle has a decent push to confirm breakdown of the inside bars.
4, Good RR. With SL above 0.618 with some buffer room.
5. Looking to cover half of position if price reach previous low.
2. Retest of the structure after breaking down +. Two inside bars with one coming after the other.
3. Previous candle has a decent push to confirm breakdown of the inside bars.
4, Good RR. With SL above 0.618 with some buffer room.
5. Looking to cover half of position if price reach previous low.
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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.