Am i doing this right? Analysis chart with fibonacci. Short

Gold/U.S. DollarFXCM

Description

⋅ Jan 3, 2021 1:15 PM

Please comment your ideas and criticism. I need those to improve my analysis. Am i doing this right with fibo? First time try lol. Gold pullback to 63% - 50% and then continue downtrend.

Trend Analysis

Comments

HurricaneBarbarossa

⋅ Jan 3, 2021 7:15 PM

see the Daily RSI trend was down for 120 days ow the trend has upside break out

saeedmp

⋅ Jan 3, 2021 1:28 PM

good idea thanks for sharing ... but check dxy chart first then open trade short ... be careful about your stop-loss

Zai97

⋅ Jan 3, 2021 1:43 PM

@saeedmp, Thank you for your advice sir. I will look into it. Yeah im having trouble with sl sometimes 😥