XAUUSD LND SHORT - 1:5 RR
Directional Bias
London Bias: Bearish with price targeting keyH1/H4 levels at 2690 & 2684
Price Action
Price delivered an aggressive bullish continuation with negative retail sales yesterday. I do see this being the final expansion before a more sustained short term reversal that may continue into building permits data release tonight
I would enter at the current price and be prepared to enter at a pull back towards the 2712.50 level.
With Stop Loss above the Asia high, the potential return on this could be a 1:3 - 1:5
Setup invalidation
If price moves back above the high of Asia, this setup will be invalidated.
Trade active
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