Amazing 1:25 Risk:Reward Sell on Gold!!!
Updated
Very nice confluences lining up on gold (trendline retest + 61.8 fib + 30 min supply zone ). Could be a very promising sell opportunity. excellent RR. A more conservative entry method would be to wait until tomorrow and enter off the right shoulder should a h&S pattern form.
Note
very nice rejection, have 1 entry with stops at breakeven. will not add more positions until day closes.Note
Stops safely at breakeven. Trade is risk freeNote
if todays candles doesnt close sub $1825, there is the potential that todays push was a formation of a left shoulder, where we can expect to see one more spike to the upside tomorrow
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.