XAUUSD Short - Bearish BAMM
Above we can see the trend line for a movement within bearish weekly channel on Silver. Price has hit the trend line and I expect will drop to our D point once support is broken during the trend. Adding confluence to this movement is the bearish bam theory- the harmonic movement will push price down should the daily candle break below this level!
Risk is minimum 1:2 - I will hold this short position but will not be taking the bat movement. I am simply using the BAMM theory to add to my bearish sentiment. Please see a similar trade below on the AUDUSD!
Risk is minimum 1:2 - I will hold this short position but will not be taking the bat movement. I am simply using the BAMM theory to add to my bearish sentiment. Please see a similar trade below on the AUDUSD!
Note
Here is my generic overview of the bigger picture
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.