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VasilyTrader
Nov 6, 2021 12:54 PM

Trade of The Week | Price Action Trading on Gold (XAUUSD) πŸ”₯πŸ”₯πŸ”₯Β Short

GoldOANDA

Description

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Hey traders,

As you remember, last week we spotted a bearish breakout of a bearish flag pattern on 12 hours time frame.
This week we were looking for a retest of its broken support to short the market.



When the price approached a broken support, I started to look for confirmation on lower time frames.
My confirmation was a double top formation on 1H time frame.
I shorted the market after a neckline breakout on a retest.

My first goal was 1762 key daily support.

Great winner!!!

Did you catch this move?

❀️Please, support this idea with like and comment!❀️

Comment

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Check my new idea on CHFJPY:
Comments
Astro_fxd
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Great job
VasilyTrader
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@Astro_fxd, thank you so much brother!!!
kimstandgraph
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Good work
VasilyTrader
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@kimstandgraph, thanks a lot buddy)))
ChartsMarketsTrading
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lol
pharve90
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Hi
bobrobeiro1
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I also believe it will go down from 1820-1830 resistance area and retest 1780.
VasilyTrader
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@bobrobeiro1, thank you for comment buddy
SyZu
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yea it will go down at least to 1807, in my opinion :D and let's hope it will ^^ I searched all internet and most of them are in short(bearish)
VasilyTrader
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@SyZu, thank you for comment bro :)
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