FX:XAUUSD   Gold Spot / U.S. Dollar
Waiting for a 4 hour close to look for shorts on this pair. Price rejecting its downtrend line / the 50% fibonacci level is acting as resistance as well. Price should continue down to create a lower low..
Comment: price rejecting nicely so far
Comment: Boom
Trade closed: target reached: closed with 200 pips profit
Comment: 1325 hit! : ) next potential target would be 1300
+1 Reply
eazywayout ShivamVerma
@ShivamVerma, thanks : )
Nice strategy but I think it will go to 1348 before breaking down.
+2 Reply
get ready for blast towards 1354 at least
+1 Reply
Nice one mate. I had somehow overlooked this one
@MicKi, thanks! & price rejecting a nice resistance level, should continue lower : )
MicKi eazywayout
@eazywayout, Entered half a position @1343. Will wait for H4 to confirm and enter a full position. Break of daily might add again
@MicKi, good plan!
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