Gold Correction Move may give us a good shorting opportunity.
1252.77 is the 0.618 level.
AB=CD Measured Move at 1255.21
Can use Multiple Entry, I.E. 0.5 lot at 1252.77, 0.5 lot at 1255.21 if you are using a total of 1 lot size position.
If a strong bullish candle close above 1260 then exit the short trade. else, just hold the short to multiple target. TP1: 1240.00 TP2: 1227.00 TP3: 1207.00
If a strong bullish candle close above 1260
then exit the short trade.
...........
waiting for daily and weekly close
DUX17
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Wrong. This happens when you only trade with 0.618 and support and resetance while missing the bigger picture. Structure does not behave the same everytime you encounter one.