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webster.robesten
Oct 21, 2019 6:15 PM

DOUBLE TOP SHORT CONT Short

Gold/AUDOANDA

Description

price currently on neckline, breaking out of this area i doubt will be straight forward , 1 of two things , price will retrace back to resistance showed on chart and break downwards (where the first sell might take place) , if price breaks neckline immediately, initiate sell , smart stops should be placed , a bit above neckline so you don't get stopped out straight away in case neckline is retested for RES.

(SUGGESTION) go down to 4HRS to get a better perspective of the retests and early entry opportunity , GO TO WEEKLY to understand whats going on long term(Clean DT setup if daily is not so convincing)
(gold is gold,no feelings involved)
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