RizkiRosadi

XAUUSD H4 25 April 2016

FX:XAUUSD   Gold Spot / U.S. Dollar
76 0 1
Resistance in 1272.00.

Waiting for corrective finished, looking for entry sell in 38%-61% of fibo retracement.
In picture above, the sell in 38% of fibo in 1243.70, SL in 1272.00, TP1 1229.69 and TP2 1215.45.

The position is not good, risk/reward (R/R) of TP1 below 1.
For better entry with lower risk (R/R>1), breakdown the timeframe, H1 and M15 to entry sell.


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