GOLD - SHORT_1365 TO 1272
SL = stop slightly higher than the monthly maximum
The deal - is counter, risky, but the risk can be justified!
Causes: overbought - Slow , divergence - relative to trend.
Be careful and attentive.
All successful trades!
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Gold my be, and will not become cheaper 1272 intended purpose, ... harmonic Paterns is very approximate, but growing short. Short develops precisely because - Long "tired". Probably 1308 - Gold becomes cheaper.
Of course, only if you like it.
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Great weekend to everyone!
But then all the same - shorts continue.
A similar case, for example, was in May on a pair EURUSD as shown here
...If someone knocked on foot, there where you can reconnect to short again.
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Good luck. and profitable trades,
This short - had almost died out, but the rise in the dollar revived him.
And yet - twice broken trend line TL 3 and Weekly Pivot.
When attaching the lower Pivot - the decline will continue.
Updates on next week.
All successful trades and a good weekend.
A further its growth will plunge in gold shorts.
If the dollar index to find support for growth.
Longer time than planned, but 40% of the profit you can take to close the deal immediately.
I close half of the position. The trend will continue.
I wish you all success in trading and good mood!
Making profits is a good thing :)
Such an idea, I wrote on the Russian side of the site. TV Community Rules unresolved include the English text by reference to ideas in other languages, and such updates moderators erase.
Here's a screenshot of this idea
Here I will try to give you the link to the idea, "encrypting" it.
I will add to the start of the text of the link a 4-character - "MKMK", to view idea by link, please:
- copy the link into your browser window,
- remove the 4-character in its beginning (MKMK),
- and see the idea ! ...
You d'not need to know Russian langauge for understand the idea.
To the same we have a Google translator :)
I hope it will be useful to you.