captain_smollett

XAUUSD. A weekly short

Viés de baixa
captain_smollett Atualizado   
FX:XAUUSD   Ouro/Dólar Americano
On a weekly graphic we can see that last two weeks closed in negative, although, specially the second week, was quite tight.

Still, we had a "Hanging man" figure two weeks ago and a Dojo last week. I´d therefore expect the forecoming week to close in negative as well.

I´d wait until the price climbs to the higher limit of the wedge and then short.

Sell order: 1245
SL: 1265 (just above 52w 38.2% and also year-to-date 100% Fibo)
TP1: 1220 (cross of several Fibo lines as well)
TP2: 1190 (cross of some historical Fibo lines + 61.8 year-to-date Fibo line is close + a cross with a huge channel line, broken earlier this month.

This setup doesn´t cancel the bullish flag forming just above the channel line and an overall bullish forecast which should continue in the next weeks
Trade ativo:
Trade started at 1245

Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.