Gold Potentiel Short trade
Analysis :
Scenarios:
Sell :
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
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- Price Break above the ascending channel and reintegrate it 24 Bars after,
- Price Fail to break above our resistance area,
- Price Forming a Shoulder Head Shoulder Pattern (Neck line is our first support area),
Scenarios:
Sell :
- Wait For breaking bellow Our first support area (Neck line),
- Wait for the price to bounce on the Neck line,
- Wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar , Inside bar etc,
- Initiate SELL order,
- Targets are TP1 to TP3,
- SL above the resistance Area.
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
Disclaimer
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