Gold TF H1 09.06.20 Short
Gold H1
Sell Stop 1690.45
SL 1701.50 (Loss 110 Dollar)
TP 1670.75 (profit 197 Dollar)
Reason to sell:
1. Rising wedge H4.
2. Support become resistance area
3. Fibonacci 50 to 61.8 area
Reason to doubt:
1. Strong up trend for D1.
2. No candle stick
3. No strong oscillator signal
If price reached 1715 this sell stop become invalid,.depending on candle formation around Fibo 61.8 I might manually execute sell with tighter SL and bigger TP. It is a strong up trend and we got falling wedge in D1; but I don’t think here is a good buy. Sell more appealing for short term 2-3 days.
Risk to reward 1:2
Disclaimer on
Please use proper money management; may the Pips be with you :)
Sell Stop 1690.45
SL 1701.50 (Loss 110 Dollar)
TP 1670.75 (profit 197 Dollar)
Reason to sell:
1. Rising wedge H4.
2. Support become resistance area
3. Fibonacci 50 to 61.8 area
Reason to doubt:
1. Strong up trend for D1.
2. No candle stick
3. No strong oscillator signal
If price reached 1715 this sell stop become invalid,.depending on candle formation around Fibo 61.8 I might manually execute sell with tighter SL and bigger TP. It is a strong up trend and we got falling wedge in D1; but I don’t think here is a good buy. Sell more appealing for short term 2-3 days.
Risk to reward 1:2
Disclaimer on
Please use proper money management; may the Pips be with you :)
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