Bearish continuation pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
98 4 7
Gartley bearish @1109$ in a downtrend channel
Short 1108$ TP1 1092$ / TP2 1082$. If prices drops below 1080$, next target would be 1045$

If gold             breaks the upper trendline , prices could see the former support : 1145$.
Update : first target has not been reached for 1$ :(
Close manually 33% of the trade @ 1100$. Stopped 0 for the rest
Hey, nice find mate.
I'm about to enter a short, doesn't look like it can move much higher.
+1 Reply
pixi IvanLabrie
Thanks for your feedback Ivan.
I'm short with a good ratio, the enter is not too risky.
Tight SL, because il this figure fails, price can strongly go north with 1145$ as target.

Not available in this chart, bu in H4 time frame the chikou was rejected by the cloud

Bearish for the moment with targets mentioned above.
+1 Reply
Nice find.
+1 Reply
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