This is how we do set up trade on GOLD with Bull Flag Pattern.
After the new high, I've found on TF day that it formed the bearish divergence to this price. So, please trade with care. The SL should be above the fresh supply zone, and this ensures me to deciding on SHORT POSITION with small loss on the BIG DEAL!!
WAIT FOR THE PRICE REVERSAL AFTER THE DOWNWARD BREAKOUT. NOW, IT"S PROBABLY RETEST THE RESISTANCE 9$! MOREOVER, THE PRICE SHOWS LL,LH RELATIVELY TRADES WITH CARE!! GOOD LUCK.
FIND AN OPPORTUNITY TO GO SHORT WHEN IT RETESTS FIBO 50 OR 78.6, SO WAIT FOR IT!!
THIS PAIR WOULD DECIDE TO TEST 61.8 WHETHER TO GO SHORT OR LONG!
TF DAY formed Left shoulder and head, and RSI shows the really clear divergence. NOW, it's SHORT time, and LONG USD PAIRS XXX,USD WHEN IT REACHS 61.8 Enjoy the weekend !