GOLDUSD - Shorting Near the Golden Ratio
After making a new High the commodity made a downward Trend and started to fall. The down move was anticipated as there was bearish divergence on RSI.
Currently the peices bounced back again and is currently trading near the fib level of 0.5 plus a downward trendline. These confluences are good to go short and move with the trend.
Trade Plan:
Keeping the market condition in view, Its better to wait for a bearish candle to form near this confluence area so it can further increase our probabilities.
Entry price with SL and TP are mentioned.
Currently the peices bounced back again and is currently trading near the fib level of 0.5 plus a downward trendline. These confluences are good to go short and move with the trend.
Trade Plan:
Keeping the market condition in view, Its better to wait for a bearish candle to form near this confluence area so it can further increase our probabilities.
Entry price with SL and TP are mentioned.
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