I spotted a peculiar falling trend line on Gold on 4H time frame. It feels like the price is forming a head and shoulders pattern, respecting that.
To short the market with confirmation, watch the neckline of the pattern on Monday. If the price breaks and closes below 1953 on 4H, it will confirm the initiation of a bearish movement.
A bearish continuation will be expected then to 1940 / 1933/
Alternatively, remember that a bullish violation of the neckline will invalidate the setup.
Definitely agree with your post here. Good job! Keep it up!
bigsammy29
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Nice one
ArmanShabanTrading
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I like your style.
AnabelSignals
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Good trading idea, pal!
majexx
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Yes, and add to that there is a star candle on W1 so if the next week candle close below 57 then we can consider that as a bearish start for the future 3 weeks. Good job bro