This trade idea is a high risk short since Gold reaches all time high on 2020. This short(sell) trade idea was inspired by triangle breakout after price breaks support line and angled line as resistance line since price not touches back.
What to expect:
1. Price will touches back to support and move to the favor on this trade idea.
2. Price make swing low after seeing price do make downtrend movement.
3. Price could break the support or even breaks the angled resistance line that will make this trade idea invalid.
Risk-To-Reward ratio 1:3
What to expect:
1. Price will touches back to support and move to the favor on this trade idea.
2. Price make swing low after seeing price do make downtrend movement.
3. Price could break the support or even breaks the angled resistance line that will make this trade idea invalid.
Risk-To-Reward ratio 1:3
Comment:
This idea was recorded as SL., simulated with higher risk as shown for possible price fall
