the_paradox

XAUUSD | 4H TIME FRAME

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the_paradox Atualizado   
FOREXCOM:XAUUSD   Ouro/Dólar Americano
hey fellas,

after the 4H DT neckline break the market moved upwards for the retracement. Rite now there is a 61% retracement.

At 30 minutes time frame if a candle closes below 1988.91 we can expect the market to fall further till the DT target 1948.64 which is a 1:3.9 risk reward ratio.

If the trade is taken after the range bound breakout downwards, then risk reward ratio is 1:7.4

And there is head & shoulder pattern as well in 4H(drawn in green)

There are multiple confirmation for the bears in the market, so be a BEAR today.

Happy trading :-)
Trade ativo

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