Short analysis on XAUUSD
- Bearish Butterfly
- overbought (out of Bollinger bands)
- RSI bearish divergence
- entry at AB=CD (ext 12.7)
- close to a quarter point
for a safe entry, wait for a nice bearish formation (double top, head and shoulders, ...)
3 different TP.
- overbought (out of Bollinger bands)
- RSI bearish divergence
- entry at AB=CD (ext 12.7)
- close to a quarter point
for a safe entry, wait for a nice bearish formation (double top, head and shoulders, ...)
3 different TP.
Note
take partial profit here. possible pullbackTrade closed manually
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