Trade idea - XAUUSD Short

Updated
1H time frame

Market moving in Ascending Channel.
Bulls seem to be weak.

3rd touch of the trend line can be powerful.

Instant market execution Sell.

1.5% risk.
Note
Weekly time frame

Head & Shoulders pattern pattern can potentially play out.

Support & resistance zone is there.

snapshot
Note
Daily time frame

Bearish W pattern perfectly aligning with the Weekly zone + pattern.

snapshot

Trade active
Chart PatternsDXYgoldshortgoldtradingstrategynoindicatorspatternsandstructuresupply_and_demandSupport and ResistancesupportandresistancezonesTrend AnalysisXAUUSD

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