Technicals:
H4 bearish gartley
H4 head and shoulders pattern
Possible downside breakout to uptrend
This trade offers a decent 1:6 RR
Pointers against this trade
- XAUEUR is on a D1 uptrend, bulls may push prices higher
- A global risk off may lead to buying of gold which may drive XAUEUR prices up
- With these 2 factors in mind, this is not the most perfect set-up - I would advise halving your risk if your are entering this trade
H4 bearish gartley
H4 head and shoulders pattern
Possible downside breakout to uptrend
This trade offers a decent 1:6 RR
Pointers against this trade
- XAUEUR is on a D1 uptrend, bulls may push prices higher
- A global risk off may lead to buying of gold which may drive XAUEUR prices up
- With these 2 factors in mind, this is not the most perfect set-up - I would advise halving your risk if your are entering this trade
Trade closed: stop reached
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.
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.