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%
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%
Note
TP 1 get. Raise your stop loss to positive and make sure you don't lose capital!Trade closed: stop reached
Get BE
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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.
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.