pardeepk
Short

Trend momentum trade for XAU/USD

FX:XAUUSD   Gold/U.S. Dollar
199 0 0
The daily chart shows that gold             is in a downtrend, and so then I switched on to the 4 hour, 1 hour and 30 min chart to look for short entries. There is an inside bar formation at the 30 minute chart, and so enter on the break of the low of the inside bar. 2:1 reward ratio is set which is also near the next minor support area. *****ENTER ONLY IF PRICE BREAKS INSIDE BAR LOW*****
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