XAUUSD, 4hr tf, ascending channel breakout
Hello my friends,
Another setup is XAUUSD pairs.
The last time i take a buy on XAUUSD i got stopped out from it with a loss.
For today i reanalyze it with basic support resistance and i found that price making an ascending channel. There is also a possibility of small SHS pattern forming if you take a closer look with a potential of 300 pips drop if price broken below the support.
Price already broke out of the ascending channel and retesting it.
So we're going to sell this pair on the second retest.
Sell XAUUSD 1905
Stop loss 1915
Take profit 1875
RR Ratio 1:3
Use only 1-2% risk
Good luck
Disclaimer : I sold XAUUSD from 1905
Another setup is XAUUSD pairs.
The last time i take a buy on XAUUSD i got stopped out from it with a loss.
For today i reanalyze it with basic support resistance and i found that price making an ascending channel. There is also a possibility of small SHS pattern forming if you take a closer look with a potential of 300 pips drop if price broken below the support.
Price already broke out of the ascending channel and retesting it.
So we're going to sell this pair on the second retest.
Sell XAUUSD 1905
Stop loss 1915
Take profit 1875
RR Ratio 1:3
Use only 1-2% risk
Good luck
Disclaimer : I sold XAUUSD from 1905