XAUUSD - Gold Short opportunity
We have an ab=cd pattern mixed with a previous important resistance. I am expecting a bounce here and will enter with shorter time frame confirmations.
Note
We started breaking down but the price has been holding for a long period of time at the highs. I took half my profits and moved my stop loss to breakeven in case it reverses. Risk free trade.Trade active
We just had a little bulltrap to confirm the exhaustion of the up trend. Shorting.Note
We just broke an important trend line. A good sign for continuation. Trade closed manually
Bailing out
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.
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.