Syedbilal

XAU/USD - INVERSE CUP & HANDLE

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Looking at the recent price action shows us a clear inverse cup and handle formation.

- Trend = Bullish
- Divergence = Divergence found
- Pattern = Inverse cup and handle
- Breakout/Confirmation = Waiting for a breakout

Account Size: 10300
Risk Percentage: 1 + 1 = Total 2 Percentage

Amount at Risk: 103 USD
Sizing: 0.03109 Lots

Amount at Risk: 103 USD
Sizing: 0.03109 Lots

Total Amount at Risk: 206 USD
Total Lot Size: 0.06218

Entry Point: 1943.432
Stop Loss: 1976.561
Take Profit 1: 1910.430
Take Profit 2: 1875.487
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