H4
XAUUSD H4 25 April 2016Resistance in 1272.00.
Waiting for corrective finished, looking for entry sell in 38%-61% of fibo retracement.
In picture above, the sell in 38% of fibo in 1243.70, SL in 1272.00, TP1 1229.69 and TP2 1215.45.
The position is not good, risk/reward (R/R) of TP1 below 1.
For better entry with lower risk (R/R>1), breakdown the timeframe, H1 and M15 to entry sell.






















