XAUUSD - Counter trend setup
Updated
-We've reached a price where several fibonacci levels confluences from different timeframes.
-We have a historically strong support and resistance level.
-At this current level we see a double top being formed on hourly.
Depending on rules, there's also a big bearish gartley pattern completing its D leg at this level.
Preferably, I'd like to see a break to the downside after the top before entering, but in spite of the other clues I'm entering with one position now.
-We have a historically strong support and resistance level.
-At this current level we see a double top being formed on hourly.
Depending on rules, there's also a big bearish gartley pattern completing its D leg at this level.
Preferably, I'd like to see a break to the downside after the top before entering, but in spite of the other clues I'm entering with one position now.
Trade closed: stop reached
We came close to target, but the pullback wasnt strong enough. Booming up almost reaching 1360 before diving down to 1324 which was our target.
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