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drin
May 22, 2016 1:18 PM

XAUUSD - EXPECTING 1200 AND LOWER Short

Gold/U.S. DollarFXCM

Description

After bouncing from a major weekly trendline with bearish divergence,we're only looking to go short on this market.If you missed the first opportunity which was the breakout of that previous correction, another place to enter the sell would be in the breakout of this next corrective structure.This may be a deeper correction so don't rush and be careful. After breakout price may stall a bit before going lower but if it does, it may hit 1200's and lower.Trade your plan,plan your trade.
Look in the comment section where weekly and daily chart is shown.

Trade active

Trade has triggered, if you didnt get in the first chance wait for it to consolidate before selling

Comment

+400 PIPS IN PROFIT
Comments
drin
Daily chart:
drin
Weekly chart:
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