XAU / USD 1806.13 - 0.27 % SHORT IDEA * CONTINUATION & PTTNS
Updated
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN UPDATE ON THE GOLD METAL FROM YESTERDAY SET UP.
* The METAL was trading in an ascending channel but seems the channel was consolidating in a bull flag as we awaited a BREAKING OUT OF THIS structure.
https://www.tradingview.com/chart/XAUUSD/ZQlO9muJ-XAU-USD-1799-13-0-18-SHORT-IDEA-CONTINUATION-PRICE-ACTI/
- Short term the METAL has currently entered a down trend as WE break below on the 4h chart. ( HH , HL )
- The supply zone at 50 % fib was tested successfully & currently rejecting before we may see continue with the bears.
- Looking for SHORT entries on the METAL this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN UPDATE ON THE GOLD METAL FROM YESTERDAY SET UP.
* The METAL was trading in an ascending channel but seems the channel was consolidating in a bull flag as we awaited a BREAKING OUT OF THIS structure.
https://www.tradingview.com/chart/XAUUSD/ZQlO9muJ-XAU-USD-1799-13-0-18-SHORT-IDEA-CONTINUATION-PRICE-ACTI/
- Short term the METAL has currently entered a down trend as WE break below on the 4h chart. ( HH , HL )
- The supply zone at 50 % fib was tested successfully & currently rejecting before we may see continue with the bears.
- Looking for SHORT entries on the METAL this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Trade closed: stop reached
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