What About a Short Trade?

FX:XAUUSD   Gold Spot / U.S. Dollar
Price has not moved above MA20 on the daily chart . So, we think about short trades on hourly charts and open trades with close targets. Look at this 4H chart, we have a down movement and a possible entry level below 1321,80. MACD and RSI confirm price reversal from falling MA50. Just one thing which does not support our short trade - it's ADX falling below 20. Based on DMI we have range market conditions and we'll need more time for price movement in the direction of our trade. Stop order should be placed above 1333.80 and profit target near support level .
Trade closed: stop reached
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Nice. Im short target 1305. Gd luck for us
+1 Reply
DLavrov TOP Ferry.Hartanto
Thank you! Good luck and profitable trades )
Same idea ....Maybe with also a fast waterfall of price manipulation at the US opening the 26 or 27 as happened for Brexit and NFP, what do you think?
+1 Reply
Thanks for your comment! Yes, may be you are right and will see good movement. Any way this week has to give a reply.
+1 Reply
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