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Probable GOLD XAUUSD SHORT

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Refer to today's analysis:
Possible GOLD XAUUSD Short Trade


Please place tight stop loss and strict risk management.
Happy Trading! :D
Nota
Click the Link:
Possible GOLD XAUUSD Short Trade
Nota
snapshot

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 :)
Nota
Blue trendline created. 3 points of contact. Adding to this high probable trade set up.
Trade ativo
snapshot

Tap off the bottom of the triangle. Let's see how price reacts..
Trade ativo
snapshot
Trade ativo
snapshot

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.

Aviso legal

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