Possible Gold short on the 4 hour chart
WE have:
1.Ascending Trend line break
2. Impulse down leg taking out previous higher low
3. Failure to create higher high
4. Market is creating corrective structure
To Enter:
1.We wait for break of current ascending trend line of the corrective structure.
2.Either Enter on break or retest of corrective structure.
Stops and targets:
1. Stops few pips above last high
2. First tp target at highlighted support
1.Ascending Trend line break
2. Impulse down leg taking out previous higher low
3. Failure to create higher high
4. Market is creating corrective structure
To Enter:
1.We wait for break of current ascending trend line of the corrective structure.
2.Either Enter on break or retest of corrective structure.
Stops and targets:
1. Stops few pips above last high
2. First tp target at highlighted support