XAUUSD Pending Short Position
ITS GOOD TO BE BACK!! I APOLOGIZE FOR TAKING SUCH A LONG TIME AWAY FROM CHART BREAKDOWN, WAS BUSY MAKING AND UPDATING THE THQ WEBSITE COURSE CONTENT.
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Indexes.
After the strong bullish momentum for few weeks, gold had reached our weekly level (1550). Price them managed to
drop on Wednesday creating a nice resistance area right above our weekly resistance level (1550). Because of the strong
bearish closed daily candle we are waiting to spot a clear area to get a sell position.
This is when the H4 time-frame come into play were we see price break support level (1557), retested that area, now we
waiting for our pending sell limit to be activated.
Target #1: 1540
Target #2:
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
GOOGLE for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Indexes.
After the strong bullish momentum for few weeks, gold had reached our weekly level (1550). Price them managed to
drop on Wednesday creating a nice resistance area right above our weekly resistance level (1550). Because of the strong
bearish closed daily candle we are waiting to spot a clear area to get a sell position.
This is when the H4 time-frame come into play were we see price break support level (1557), retested that area, now we
waiting for our pending sell limit to be activated.
Target #1: 1540
Target #2:
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
GOOGLE for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
Operación cerrada: precio stop alcanzado:
stopped out,
