tradingwithruta

XAUUSD - Sell position

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Sell - 1D/4H

Market currently hitting daily highs, and could also be the start of a new daily downtrend. Expecting it to hit at leas the bottom of zone 2. The blue arrows indicate what I expect the market to do if I lose in this trade. Don't see it consolidating at all here. Always have a backup plan and make sure you know what to do if you lose on a trade.

Entering this trade once I see more bearish candlesticks.

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