Bearish Divergence - Gold Short

FX:XAUUSD   Gold Spot / U.S. Dollar
431 4 16
Daily chart , price is near up Bollinger Band . It looks like that we'll have reversal and correction to Moving Averages 20 at least. Why not to try get this movement? Based on 4H chart we have a signal for short trade. Bearish Divergence is formed by MACD and RSI . ADX starts falling and it's a confirmation that the up movement is not so strong now. Open short trade below 1363.10 with stop order above 1375.25 and profit targets near Moving Averages with periods 50 and 100.
Trade closed: target reached
I teach how to trade properly in TRADUNITY // Come to learn trading and get premium signals here https://tradunity.com

Free Forex Signals: https://www.fxluxus.com
The Best Forex Broker for EAs: https://goo.gl/dsiQN8
very accurate on ur chart, thumb up
DLavrov Cornhub
Thanks )
isn't that a 5 wave count completion?
Yes, it can be 5th wave. But I don't use waves in trading and prefer to work with indicators, candlestick patterns and levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out