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UnknownUnicorn493766
Jun 15, 2019 11:07 AM

STOP,ENTRY,TP - XAUUSD - SHORT Short

Gold/U.S. DollarFXCM

Description

Monthly and Weekly 50EMA's used as Support - Bullish

Daily formed a higher low Bullish. Also formed an odd looking high test, which would have been better if formed a bit higher up - Bearish

4 hour - can't deny the acceleration lower.. Room to the 50 EMA.

1 hour slight break of the 50 EMA maybe used as quick resistance for the 1:1 entry I'm looking to place. Bearish
1 hour also effectively rejecting the 0.618 retracement, so possibly now forming a higher low. Bullish

I wouldn't hold long term for a short.

R:R 1:1

In and Out.

Trade closed: target reached

1 percent made. This is what should an in and out trade should be.

Comment

PLUS 1%
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