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DLavrov
22. Jul. 2016 12:00

What About a Short Trade? Short

Gold/U.S. DollarFXCM

Beschreibung

Price has not moved above MA20 on the daily chart. So, we think about short trades on hourly charts and open trades with close targets. Look at this 4H chart, we have a down movement and a possible entry level below 1321,80. MACD and RSI confirm price reversal from falling MA50. Just one thing which does not support our short trade - it's ADX falling below 20. Based on DMI we have range market conditions and we'll need more time for price movement in the direction of our trade. Stop order should be placed above 1333.80 and profit target near support level.

Trade geschlossen: Stop wurde erreicht

Kommentare
UnknownUnicorn260252
Nice. Im short target 1305. Gd luck for us
DLavrov
Thank you! Good luck and profitable trades )
Annette
Same idea ....Maybe with also a fast waterfall of price manipulation at the US opening the 26 or 27 as happened for Brexit and NFP, what do you think?
DLavrov
Thanks for your comment! Yes, may be you are right and will see good movement. Any way this week has to give a reply.
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