Probable GOLD XAUUSD SHORT

Refer to today's analysis:

Please place tight stop loss and strict risk management.
Happy Trading! :D

註釋

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註釋

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 :)

註釋

Blue trendline created. 3 points of contact. Adding to this high probable trade set up.

交易進行

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

交易進行

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.