Trade idea - XAUUSD Short
1H time frame
Market moving in Ascending Channel.
Bulls seem to be weak.
3rd touch of the trend line can be powerful.
Instant market execution Sell.
1.5% risk.
Market moving in Ascending Channel.
Bulls seem to be weak.
3rd touch of the trend line can be powerful.
Instant market execution Sell.
1.5% risk.
Note
Weekly time frame
Head & Shoulders pattern pattern can potentially play out.
Support & resistance zone is there.
Note
Daily time frame
Bearish W pattern perfectly aligning with the Weekly zone + pattern.
Trade active
Trade closed: stop reached
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