forexTrdr

forexTrdr sell Gold: HEAD SHOULDERS KNEES WATCH YOUR TOES

forexTrdr 업데이트됨   
FX:XAUUSD   골드 스팟 / 미국 달러
Good morning traders

Last week we went long gold at 1295 targeting the formation of a head and shoulder pattern around 1301. Four days later and we see that right hand shoulder pattern forming and therefore look to short gold at market level.

If you look at our chart work on the uk trading view website you can see four failed attempts on 4 hourly charts to breach 1304.8 area before pulling back. We are looking for the market to once again pull back from this area and head lower to the upward tilting neckline of the head and shoulder pattern. An area around 1296 is where we will look to exit the trade.

In addition to the pattern formation and failure to reach last weeks right shoulder high of 1306.4 we have seen the formation of a bearish engulfing candle on the hourly timeframe.

매매 수동청산:
Gold traded down past our take profit 1 at 1302 into early evening before heading higher overnight and closing at no cost back at our entry price.

Head and shoulder pattern rejected overnight.

Trade invalid and at no cost- on to the next one.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.