TerryHarmonicTrading
Short

Gold - Bearish Shark at top of Channel

OANDA:XAUUSD   Gold / U.S. Dollar
Hey guys, some sharing on Gold             and how I will trade it.

The blue channel is drawn on the H4 chart, it is a channel that has been respected for months.

I saw a bearish shark completing on gold             with the entry around 1350.

SL will have to go above 1355 with profit targets back down at around 1315.

Monitor these criteria before entry for a higher probability trade

1. RSI divergence and overbought at entry zone
2. Candlestick reversal ( Pin bar or bearish engulfing pattern)

Take care and great trading guys!
Order cancelled: Price did not hit entry zone, trade invalidated.
it is hitting your target price without reaching your entry point...
Reply
Hey man, thanks for commenting. This means that my short ordered is invalidated and I will wait for the next good setup. How's your week?
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