Short XAUUSD
1. Long term ascending support level held and price broke out of a flat chart pattern to signal an uptrend continuation.
2. Expect prices to continue going up until it hits the 61.8% fibonacci extension level where I placed the short entry, double top formation seen
3. Take profit levels are placed slightly above major support levels and stop loss slightly above major descending resistance line
2. Expect prices to continue going up until it hits the 61.8% fibonacci extension level where I placed the short entry, double top formation seen
3. Take profit levels are placed slightly above major support levels and stop loss slightly above major descending resistance line
Order cancelled
Did not reach sell entry - need to better identify the entry levels, prices hit the support levels (take profit levels) nicely
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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.