Short-term short trade for XAUUSD.
Updated
XAUUSDI follow the strategy called BBMA. Which is abbreviated for " Bollinger Band and Moving Average. " Here you can see the boxes I have highlighted as possible entry points for the mirrored side. When I say the mirrored side, I'm meaning the other side of the M. BBMA is an amazing strategy to help you find the patterns known as, " M's, W's, and Head and Shoulders . " In the picture you can see a clear M pattern being formed with the help of BBMA. If I am correct, my TP will be at the horizontal green line as shown in the picture( 1894.86 ). Please feel free to give your opinion/ idea. I would love to hear yalls thoughts on this.
Note
Trade active
1873.94 will be my take profit.
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