XAUUSD is almost done creating the pattern Head and Shoulders, with a neckline at 1414. Therefore, a breakout of this neckline will see some massive drop for this precious metal after rallying almost 1500 pips since last week of May.
Daily chart will also be published on the comments further supporting an opening of fresh short positions on this instrument.
This post will be updated once a trade is executed. Follow my telegram channel for precise entries and exits . Free telegram: t.me/rnxcrsignals
Daily chart will also be published on the comments further supporting an opening of fresh short positions on this instrument.
This post will be updated once a trade is executed. Follow my telegram channel for precise entries and exits . Free telegram: t.me/rnxcrsignals
Trade active:
Sell limit triggered at 1422.
Comment:
Our trade got taken out at breakeven after 30 pips profit. We’re now looking for another entry.
Follow my signals channel on telegram for updated entries and exits.
Telegram: t.me/rnxcrsignals
Follow my signals channel on telegram for updated entries and exits.
Telegram: t.me/rnxcrsignals
Friday candle closed in solid bear candle, yesterday’s candle closed in the form of an inside bar, while today’s candle has a 90% chance of closing in bear candle as well that has a lower low than yesterday’s candle, indicating a breakout of the inside bar. We will look for fresh short positions after today’s close and target 1390.