Gold, Sell at 2052, Take Profit at 1998
Trading Setup based on Fibonacci and Support Resistance. This is seller setup
1. Resistance can be seen around 2055 - 2052 which is the last neck for head and shoulder pattern
2. 2052 is the number from Seller Fibonacci retracement at 61,8
3. TP is 1998 with SL at 2071 (+1 from last high)
4. Risk Reward Ratio for 2,35
1. Resistance can be seen around 2055 - 2052 which is the last neck for head and shoulder pattern
2. 2052 is the number from Seller Fibonacci retracement at 61,8
3. TP is 1998 with SL at 2071 (+1 from last high)
4. Risk Reward Ratio for 2,35
Order cancelled:
As you can see, the setup is nearly done. We missed the opportunity because there is last resistance at 2049 that we're not looking at. Good luck next time!
