Gold Potentiel Short trade

Analysis :

• Price Break above the ascending channel and reintegrate it 24 Bars after,
  
• Price Fail to break above our resistance area,
  
• Price Forming a Shoulder Head Shoulder Pattern (Neck line is our first support area),
  

Scenarios:

Sell :

• Wait For breaking bellow Our first support area (Neck line),
  
• Wait for the price to bounce on the Neck line,
  
• Wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar , Inside bar etc,
  
• Initiate SELL order,
  
• Targets are TP1 to TP3,
  
• SL above the resistance Area.
  

/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

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