AndriyMoraru
Short

Ascending Channel on Gold @ H4

FX:XAUUSD   Gold Spot / U.S. Dollar
The ascending channel pattern on H4 chart of XAU/USD             shows potential for a bearish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown).

More information, and an MT4 chart template can be found on http://www.commodityblog.com/what-to-do-if-gold-breaks-down-from-ascending-channel/
Order cancelled: Entry setup cancelled as the price has broken well above the channel's upper border.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.
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