XAUUSD- H4 & Daily Short Position
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Index
After gold make its breakout through the monthly level (1326) it has since then been on a bull run for
three months reaching and rejecting (1550) a weekly mid-range level. I has now pulled back from (1550) and
begun a short-term smaller timeframe downtrend.
Our focus relies on the H4 & Daily timeframe where we can see the short-term momentum better. On the H4 timeframe
we can see a solid foundation where price has been making lower highs. On the Daily timeframe we can see the H4
momentum but in a broader view.
On the weekly timeframe we can plot our Fibonacci level from point A (1277) to point B (1539). Our first target is the 38.2%
Level and our second one right above the 50%.
Target #1: 1439
Target #2: 1408
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
GOOGLE [TRADRHQ] for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
After gold make its breakout through the monthly level (1326) it has since then been on a bull run for
three months reaching and rejecting (1550) a weekly mid-range level. I has now pulled back from (1550) and
begun a short-term smaller timeframe downtrend.
Our focus relies on the H4 & Daily timeframe where we can see the short-term momentum better. On the H4 timeframe
we can see a solid foundation where price has been making lower highs. On the Daily timeframe we can see the H4
momentum but in a broader view.
On the weekly timeframe we can plot our Fibonacci level from point A (1277) to point B (1539). Our first target is the 38.2%
Level and our second one right above the 50%.
Target #1: 1439
Target #2: 1408
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
GOOGLE [TRADRHQ] for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
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