Possible Short Opportunity.
Updated
Upon breaking down XAUUSD I was able to observe a descending wedge. Price action has already proven to respect this trend line in its most recent candles 4 Arrows Illustrated. I find that it may be a suitable To short this position at or around market price. During Market Open. If DXY Continues bullish activity. This pair by judgement, should respect wedge. and show bearish activity for this coming time being.
Entry 1248.30 Short
TP 1240.00- 1241.10-More conservative.
SL- 1251.00
Entry 1248.30 Short
TP 1240.00- 1241.10-More conservative.
SL- 1251.00
Comment
Fundamentals in the US caused this pair to not stay on track.
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