Excellent Shorting oppurtunity
Updated
Ok this looks very good as you know this week volatility was crazy and I got stoped out but I am looking to enter back in SHORT because even if the weakness of gold causes gold to rise I don't see that it will hold (at least the short term)
Technicals : HEAD and SHOULDER PATTERN break below neckline
formed WEDGE PATTERN inside of the head shoulder pattern 2 patterns indicates bearisch moves
structure previous powerful support can become resistance
STOP
little risk&reward because if price breaks the neckline above or idea at the market is invalid so stops are placed above that
TARGET
Set at the fibonacci level whilel respecting the patterns
Technicals : HEAD and SHOULDER PATTERN break below neckline
formed WEDGE PATTERN inside of the head shoulder pattern 2 patterns indicates bearisch moves
structure previous powerful support can become resistance
STOP
little risk&reward because if price breaks the neckline above or idea at the market is invalid so stops are placed above that
TARGET
Set at the fibonacci level whilel respecting the patterns
Trade closed manually
breakeven
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