XAUUSD SHORT/ SELL STOP
Price is currently full of downward momentum. My bias is that price will continue to somewhere in the 1750 zone tonight or tomorrow. Price has made a nice little support on the m15 chart. The support is valid because the price has pushed up twice from the same area with major rejections. I have sell stop orders below the support, right beyond the lowest wick rejection. If the price clears the support and the wick then more than likely price will continue further down. I will be using the Heikan Ashi candles as my exit signal. I just want to catch the next bearish rally. So whenever there is a mother green candle formed while the trade is in progress on the m15, I will exit . Let's see if my orders get triggered. RISK MANAGEMENT IS KEY.
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