Gold reached 1D triangle trend line and we expect it to go down to the support trendline. We opened Sell position as shown, with a tight stop loss. Reword ratio is 3.2 Write what you think will happen?
We moved our stop loss to 1961 and opened another sell on 1956 with a same stop loss. If it brakes 1961 we might have breach of triangle pattern and possible continuation up. in that case we will be looking for buy opportunities.
in that case we will be looking for buy opportunities.