Honestcowboy

Failed Quasimodo with possible PMG entry

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
I've recently watched a video about the PMG entry from @SaraStratSniper and I figured this is a perfect moment on XAUUSDT to enter such a trade. Let's break previous highs and accelerate to the upside. We also have confluence with the longer term trend line and a failed quasimodo pattern. The quasimodo pattern gives me insight in the possibility of a large amount of traders sitting in Short positions. Once we move past these previous candle highs they will start to panic or stop loss will get hit. This will create a big move up for gold . I would call this a high probability trade setup.
Comment: Trade got triggered at first line and moved to stop loss..