abasmsd

Sell in dealing with the trend line

Short
abasmsd Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Sell XAUUSD
Price = 1325
Target = 1317
Stop Loss = 1327

Trade active:
Now we are in the Entry price.
In this point we have R1 daily pivot and this resistance can prevent price rises.

Moreover, we have the bearish Butterfly pattern in 5 min chart and I hope this trade work very good.

Comment:
The Bearish Engulfing Pattern in 15min chart

Comment:
Now We have head & shoulder pattern. Is it time to bearish or not ?

I think it's enough to break 1324 then the price will fall.

Comment:
The head & shoulder pattern was completed. Now we can set stop loss at entry point.

Comment:
good to close half and let rest of them to close at target = 1317

Comment:
I think it's enough for this trade cause I believe XAUUSD will be bullish this week according to opening range of market.

Good luck guys
 
Trade closed manually:
I guess right. We have bullish trend. So the final target was 1318. +70 pip profit
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