POTENTIAL BEARISH TRADE ON GOLD Short

Gold/U.S. DollarFXCM

Description

⋅ Jun 1, 2015 11:42 AM

XAUUSD 4 HOUR TIME FRAME

- Price at resistance in a descending channel
- Previous resistance
- Head and shoulders pattern
- 2:1 risk/reward ratio
- Stop loss above previous structure
- 0.618 Fibonacci retracement

Comments

khmamed

⋅ Jun 1, 2015 1:31 PM

teeeeeeeeeeeeeeeewwwwwwwww

KamalFX

⋅ Jun 5, 2015 1:09 PM

If it wasn't for the unexpected news it would of been a really good trade