AndriyMoraru
Short

Ascending Channel on Gold Daily

FX:XAUUSD   Gold Spot / U.S. Dollar
The ascending channel pattern on D1 chart of XAU/USD             shows potential for a bearish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown).

More information, and MT4 chart template on http://www.commodityblog.com/gold-in-ascending-channel-what-to-do-in-case-of-downside-breakout/
Trade active: Entered short on breakout on November 4 at 1108.08.
Trade closed: target reached: TP reached at 1050.78.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.
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