robus
Short

XAUUSD: Short Breakout from Rising Wedge. Target 1223

FX:XAUUSD   Gold/U.S. Dollar
207 2 8
9 months ago
Classic rising wedge . 90% of wedge breaks downside.
Yesterdays speech with expected popup is down to gutters.
I expect a slow fall towards 1223 which is crucial support at 0.5 fib.
Whereas upside is limited to 1248 - 1250.
This provides best Risk-Reward ratio.

Note: I am long from 1205 as well
9 months ago
Trade active: Scalp Short 1244
Expected 1223
9 months ago
Trade closed manually: Touched 1234.5
Closed Short at 1236.55
9 months ago
Comment: Looking for another Short entry if test of 45 fails.
clear break 45 leads to near term resistance 48-51 zone and then towards channel top 1260
snapshot
9 months ago
Comment: With this Momentum. Breaking the wedge upside may enters the bullish zone. Next takeout will be 1251-52 Resistance Zone
snapshot
9 months ago
Comment: We have breakout
let see if it clears 1248.5 resistance
snapshot
9 months ago
Comment: oops hazy chart
snapshot
9 months ago
Comment: Clears first resistance 1248.72.
Next 1252.29
9 months ago
Comment: Wont be updating this anymore. Pls look at this chart Ideas for broader TF. Thanks
XAUUSD: In case yellen goes crazy and the brexit
Loii
9 months ago
i thought u were bullish/long?
+1 Reply
robus Loii
9 months ago
Indeed. Short scalp. I forgot to update this chart.
Reply
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