timmynorin

XAUUSD 4H - Get ready to short with 2618

FX_IDC:XAUUSD   GOLD / US DOLLAR
As USD trembles, XAU makes its path upwards. I will enter above 0.618 fibo (see chart). Entering late will give me a better risk to reward ratio, sure, it does also decrease my chance of getting involved - but I will live with that.

Trend + structure were broken on the downside, which adds to the case with this 2618 trade.

Order is set, lets hope we get filled!
Trade active
Trade closed: stop reached: Nope!
Short could well be on now with stop above days high, RSI diverging to price on daily. Are you looking to get back on with a short?
Reply
Hey @Capra! My reasons for entry are violated which means I wont get involved using those criterias. If a new opportunity (as of my rules) present itself then absolutely! But as of right now I'm not getting involved.
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