XAUUSD Pending Short Position
Updated
ITS GOOD TO BE BACK!! I APOLOGIZE FOR TAKING SUCH A LONG TIME AWAY FROM CHART BREAKDOWN, WAS BUSY MAKING AND UPDATING THE THQ WEBSITE COURSE CONTENT.
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Indexes.
After the strong bullish momentum for few weeks, gold had reached our weekly level (1550). Price them managed to
drop on Wednesday creating a nice resistance area right above our weekly resistance level (1550). Because of the strong
bearish closed daily candle we are waiting to spot a clear area to get a sell position.
This is when the H4 time-frame come into play were we see price break support level (1557), retested that area, now we
waiting for our pending sell limit to be activated.
Target #1: 1540
Target #2:
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
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Indexes.
After the strong bullish momentum for few weeks, gold had reached our weekly level (1550). Price them managed to
drop on Wednesday creating a nice resistance area right above our weekly resistance level (1550). Because of the strong
bearish closed daily candle we are waiting to spot a clear area to get a sell position.
This is when the H4 time-frame come into play were we see price break support level (1557), retested that area, now we
waiting for our pending sell limit to be activated.
Target #1: 1540
Target #2:
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
Trade closed: stop reached
stopped out,
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