XAUUSD H4 Short
There are 3 reason that i believe we will have a drop in price and a correction:
1- Price has touched the upper bound of the ascending channel .
2 -There is a good engulfing candle at that point .
3 - Completion of the ABCD pattern and D point happened there .
1- Price has touched the upper bound of the ascending channel .
2 -There is a good engulfing candle at that point .
3 - Completion of the ABCD pattern and D point happened there .
Note
As i predicted the price moved down after a retest of resistance , now my first TP is around 2475, which is around 38.2 fibo of CD line , which is located at a support zone too.
Lets wait and see if it can also reach my 2nd TP around 2445.
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