Short

Gold Approach 0.382 and important Resistance

Updated

Gold Approach 0.382 and important Resistance
AB=CD complete at 1235
0.382 retracement at 1238.41
Previous Structure aslo at same level.
Therefore we can short gold at this level
If price action is bearish.
Look for Pin bar , inside bar break down and Engulfing
Candles
TP1: 1208
TP2: 1195

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Price is coming to our zone
wait for price action first.

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Repeat: Don't enter any short now. Just Observe First.

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Wait for this 4h candle close to confirm a bearish engulfing

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If this candle can't break new high, we can go short

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Nice!

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Now is 1214, nice 200 pips profit!

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Now we can short Gold one more time based on this Inside Bar

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Gold Failed to break 0.618

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Our short from 1328 made money again

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The Inside Bar has reached 1:1 RR ratio, we can close half profit of this position

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Nice Fall! Now is 1212!

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1207, +300 pips

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This is a very good example of structure + AB=CD + Fib
We don't need to guess the market, but we simpley trade them!
Big win or small loss comes as the result

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1203 nice fall

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Get ready to sell the 0.618 pull back again

Order cancelled

GOOD NEWS, its' getting the 0.618 level

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OK, 0.618 touched.

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BRAVO! Nice fall from 1227.97

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Daily Inside Bar break down and potential AB=CD

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Live Webinar for this week : 2018.11.27 zoom.us/j/9964461854

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WOW! Nice profit again:

tntsunrise

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