Probable GOLD XAUUSD SHORT
Refer to today's analysis:
Please place tight stop loss and strict risk management.
Happy Trading! :D
Please place tight stop loss and strict risk management.
Happy Trading! :D
Note
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Went down about 20-35 pips from E point highlighted. We want price to drop below these two bottom trendlines to confirm the continuation of a drop/short.
HOLD ONTO YOUR PANTS.
Depending on where you entered,
1. Keep stop loss above E point wick.
2. Lower stop loss down above the body if you wish to minimise risk further.
3. Place your stop loss as a stop profit, about 1-2 pips below entry price.
Happy Trading if it continues dropping :)
Note
Blue trendline created. 3 points of contact. Adding to this high probable trade set up.Trade active
Tap off the bottom of the triangle. Let's see how price reacts..
Trade active
Trade active
Triangle took more time to play out, hence a larger triangle. New ABCDE points made. Drop at Point E.
Waiting for price to break under the channels/trendlines underneath for a continuation of a downtrend.
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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.
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.