abasmsd

bearish Head and shoulders pattern , wait for confirmation

Short
abasmsd Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
We had a bullish trend in 1H chart.
But this trend broken by head descent.
Now we can sell at right shoulder after see some bearish pattern in 15 min chart.

Entry = about 1322 (right shoulder)
Stop = 1326.2 (above of head)
Target 1 = 1318 (Neckline)
Target 2 = 1314-1315 (Support zone)
Comment:
Possible bearish bat pattern at 15 min chart for confirmation
Entry point = 1322 at Fib 88.6 of X-A

Order cancelled:
Bat pattern was failed, but head & shoulder may be work.
This trade was canceled for me.

Comment:
Head & shoulder works but I didn't get any confirmation to take action.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.