GOLD SHORT 1000 PIP MOVE!

GOLD SHORT

Why are we entering?
- We are expecting upcoming USD strength on the 10/8 13:30 GMT during CPI data release. Strong Dollar = Weak GOLD
- We are expecting to see a double top formation
- We are currently at the end of subwave 4 where we are expecting subwave 5 to form which is a impulsive wave down

What are we waiting for to happen?
- Rejection of structure level & Double top reversal pattern
- Break of upcoming WFB trendline (I will update in channel once we see clear ascending structure)

Entry
SAFE Entry: Rejection from our structure level & trendline with a break of our upcoming WFB
Risk Entry 1: Rejection from structure level & trendline
Risk Entry 2: Early break of our upcoming WFB

Once entered, where will our Stoploss be?
- Above the trendline, structure level & previous high(above 1799) 80 pips

Where do we take profits?
- First TP Previous low: 1680 (1100pips) - Secure most of your profit here as our final TP may not hit
- Second TP Expected reversal zone: 1660 (1300pips) - May not hit