Probable GOLD XAUUSD SHORT

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Refer to today's analysis:

Please place tight stop loss and strict risk management.
Happy Trading! :D

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ملاحظة

Click the Link:

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ملاحظة

Went down about 20-35 pips from E point highlighted. We want price to drop below these two bottom trendlines to confirm the continuation of a drop/short.

HOLD ONTO YOUR PANTS.
Depending on where you entered,
1. Keep stop loss above E point wick.
2. Lower stop loss down above the body if you wish to minimise risk further.
3. Place your stop loss as a stop profit, about 1-2 pips below entry price.

Happy Trading if it continues dropping :)

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ملاحظة

Blue trendline created. 3 points of contact. Adding to this high probable trade set up.

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تم فتح الصفقة

Tap off the bottom of the triangle. Let's see how price reacts..

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تم فتح الصفقة

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تم فتح الصفقة

Triangle took more time to play out, hence a larger triangle. New ABCDE points made. Drop at Point E.
Waiting for price to break under the channels/trendlines underneath for a continuation of a downtrend.