robus
Short

XAUUSD: Short Breakout from Rising Wedge. Target 1223

FX:XAUUSD   Gold / U.S. Dollar
207 2 8
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
Trade active: Scalp Short 1244
Expected 1223
Trade closed manually: Touched 1234.5
Closed Short at 1236.55
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
Comment: With this Momentum. Breaking the wedge upside may enters the bullish zone. Next takeout will be 1251-52 Resistance Zone
snapshot
Comment: We have breakout
let see if it clears 1248.5 resistance
snapshot
Comment: oops hazy chart
snapshot
Comment: Clears first resistance 1248.72.
Next 1252.29
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
i thought u were bullish/long?
+1 Reply
robus Loii
Indeed. Short scalp. I forgot to update this chart.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out