XAUUSD Short setup
Updated
Hello guys,
price has just breakout from a retracement of 0.786% fib. The CTL was also retested in 4h, this is a good sign for a new short. The short pressure is still intact.
Price was also rejected from a monthly trend line during the election of the US president.
My target is the D extensions in conjunction with monthly low.
Trade with care whit this high volatility.
price has just breakout from a retracement of 0.786% fib. The CTL was also retested in 4h, this is a good sign for a new short. The short pressure is still intact.
Price was also rejected from a monthly trend line during the election of the US president.
My target is the D extensions in conjunction with monthly low.
Trade with care whit this high volatility.
Note
Target almost reached in few hours lol! Stop loss moved to breakeven.
Trade closed: target reached
Target reached, happy trading!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.