XAUUSD - SHORT
Daily: following LH, LL formations.
if this Support is broken, then it can go down to test previous support, and more down on its 1680ish support. if that is broken, then it may test FIB 50% Daily support at 1611, and where parallel channel's trend line rests.
Hourly: It is in bullish trend, but took a resistance on falling trend line, and made LL, instead of LH. Also, it broke the Daily support with a bearish candle, after which i have shorted it.
Entry: 1766.510
SL: 78.6% Fib - 1771.825
TP 1 set at 1758.992
TP 2 set at 1749.411
TP 3 set at 38.20 % Fib
if that is broken as well then, Daily support of 1713
if this Support is broken, then it can go down to test previous support, and more down on its 1680ish support. if that is broken, then it may test FIB 50% Daily support at 1611, and where parallel channel's trend line rests.
Hourly: It is in bullish trend, but took a resistance on falling trend line, and made LL, instead of LH. Also, it broke the Daily support with a bearish candle, after which i have shorted it.
Entry: 1766.510
SL: 78.6% Fib - 1771.825
TP 1 set at 1758.992
TP 2 set at 1749.411
TP 3 set at 38.20 % Fib
if that is broken as well then, Daily support of 1713
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