Sell XAUUSD at current price (2040)

By VNSmartMoney
Updated
XAUUSD (H4) Weak RSI divergence appears combined with a bearish Pinbar candlestick reversal.
We can execute a Sell order at the current price (2040) With trading plan:

Stop loss at 2048
TP 1 at 2030
TP 2 at 2020 : Fibonacci Retracement (0.382)
TP3 at 2001 : Fibonacci Retracement (0.618)
TP4 at 1990 : Fibonacci Retracement (0.786)
Weak divergence of RSI


Note: Capital management 2%
Comment
TP 1 get. Raise your stop loss to positive and make sure you don't lose capital!
snapshot
Trade closed: stop reached
Get BE
snapshot
Candlestick AnalysisFibonacciFibonacci RetracementForexforexsignalsPin BarSupply and DemandXAUUSDxauusdanalysisxauusdshortxauusdsignal
VNSmartMoney

Disclaimer