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Honestcowboy
Mar 30, 2022 7:37 AM

XAUUSD Kijun Bounce Short

Gold / U.S. DollarFOREX.com

Description

We got a touch of Kijun-Sen that got rejected on this pair (tellow circle). This happened while we just escaped the bottom range so it gives resistance at the bottom. With this in mind lower your position sizing. The Kijun future is sloping downwards and cloud is bearish. The future cloud does look a bit bullish however. Chikou span is free to move down as seen by the area I plot after Chikou. Stop right above kijun-sen and target I put at some previous low. I've added a short order at 1923 to grab some more on a small pullback

Trade closed: stop reached

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