jrock77
Short

aggressive 40 pip drop trade gold

FX:XAUUSD   Gold Spot / U.S. Dollar
54 views
3
when gold reaches that middle fork line we should get at least a 40 pip drop reaction. a continuation play would be to trade break and retest under those zone back down if it goes through each. very large trading zone all the way down to that green line. the red box is a presszone box created from the wicks of last relevant high hr1 chart. last time it touched that line in middle it dropped 289 pips. really if i can catch it at 1530 i might hold all the way to 1452 from looking at higher timeframe. but this my hr1 chart trade.

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