XAUUSD short based on technical 1H - 1D analysis. Entry on lower time frame (1m - 15m).
SELL at 1914
SL at 1916.50
TGT at 1906.50
Chart pattern "whale-tail".
Description:
1 On a higher timeframe (1H - 1W, or higher), you need to find a bar (whale).
2 Main properties: a) High-Low should be more than ATR,
b) The body should be smaller than a tail.
3 If the tail is facing up, then that is a long play; otherwise, it's a short play.
SELL at 1914
SL at 1916.50
TGT at 1906.50
Chart pattern "whale-tail".
Description:
1 On a higher timeframe (1H - 1W, or higher), you need to find a bar (whale).
2 Main properties: a) High-Low should be more than ATR,
b) The body should be smaller than a tail.
3 If the tail is facing up, then that is a long play; otherwise, it's a short play.
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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.