XAUUSD short
Short at top of channel 1252
Stop above previous spike high
Take profit 1: middle descending line
Take profit 2: lower descending line
Stop above previous spike high
Take profit 1: middle descending line
Take profit 2: lower descending line
Trade active
Detail from one minute chart when upward trajectory ran out of energy
Note
Head and shoulders formation complete. Move stop loss to entryTrade closed: stop reached
Stopped out at entry for 0 profitNote
I went short again at original price. Now very bearish action prior to London Open.
Target is 1215. Based on prior spike low.
From there we may retrace back to 1300 before continuing much lower
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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.