SergeantPringles
Short

XAUUSD - 15m - Riding the downtrend?

FX:XAUUSD   Gold Spot / U.S. Dollar
simple trendsetup. selling pullback in downtrend. here we have also further confirmation due to the breakout of the minor trendline in the pullback (check updates for better view)

conservative stop: above recent swing high.
aggressiv stop: above the highs of recent pullback
Comment: here a little more zoomed in view
snapshot
Comment: if we cant make it up there, i will also be lookign to just sell the breakout of the current consolidation
Comment:
snapshot
Comment: worked out quite nicely. some nice profits today. now let see if we can break the channel
snapshot
snapshot

nice
+1 Reply
also nice. lets hope we break down right away. i have alot of scalping positions with stops breakeven all along the recent downmove. the less of them get taken out (by a bounce), the happier i will be ;)
Reply
Great share!
+1 Reply
SergeantPringles LewisGlasgow
yup. had the same view. thats why im looking for shorts
+1 Reply
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