tntsunrise
Short

Gold Approach 0.382 and important Resistance

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold Approach 0.382 and important Resistance
AB=CD complete at 1235
0.382 retracement at 1238.41
Previous Structure aslo at same level.
Therefore we can short gold at this level
If price action is bearish .
Look for Pin bar , inside bar break down and Engulfing
Candles
TP1: 1208
TP2: 1195
Comment: Price is coming to our zone
wait for price action first.
Comment: Repeat: Don't enter any short now. Just Observe First.
Comment:
Wait for this 4h candle close to confirm a bearish engulfing
Comment:
If this candle can't break new high, we can go short
Comment:
Nice!
Comment:
Comment: Now is 1214, nice 200 pips profit!
Comment:
Comment: Now we can short Gold one more time based on this Inside Bar
Comment:
Gold Failed to break 0.618
Comment: Our short from 1328 made money again
Comment:
The Inside Bar has reached 1:1 RR ratio, we can close half profit of this position
Comment:
Nice Fall! Now is 1212!
Comment:
1207, +300 pips
Comment: This is a very good example of structure + AB=CD + Fib
We don't need to guess the market, but we simpley trade them!
Big win or small loss comes as the result
Comment:
1203 nice fall
Comment:
Comment:
Get ready to sell the 0.618 pull back again
Order cancelled:
GOOD NEWS, its' getting the 0.618 level
Comment:
OK, 0.618 touched.
Comment:
Comment:
BRAVO! Nice fall from 1227.97
Comment:
Daily Inside Bar break down and potential AB=CD
Comment: Live Webinar for this week : 2018.11.27 https://zoom.us/j/9964461854
Comment:
Comment: WOW! Nice profit again:
can we short gold again?
Reply
whats the target ?
Reply
tntsunrise AvisCheung
@AvisCheung, already in the chart
Reply

now we can sell again
Reply
Amazing trade Jack! Just one question: when selling the 0.618 pullback the target levels remain the same as selling the original idea (abcd)?
Reply
Is that good enough to set SL at 1226 (above 1h pinbar), my entry is 1222. thx
Reply
i see doji in one hour chart. Will it fall from here?
Reply
tntsunrise TanveerAlam
@TanveerAlam, we already sold
+1 Reply
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