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DrSwing_Forex
Aug 23, 2021 5:59 AM

XAU/USD(1Hour): I stumbled upon a pot of gold!!!🏆 Short

GoldOANDA

Description

Risk/Reward Ratio: 10.94 ✅

Chart Breakdown

  • Daily Timeframe
    Uptrend in place.
    Despite the uptrend we also have a break and re-test of the uptrend trendline formed on this timeframe, making this timeframe bearish.

  • 4Hour Timeframe
    We still in an uptrend on this timeframe.

  • 1Hour Timeframe
    We have a strong downtrend on this timeframe.
    I'm anticipating a 4th touch sell setup on the downtrend trendline.



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DR.Swing_Forex


Comments
MaroTheTalisman
Gold is in a downtrend
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