GOLD - FALSE BREAKOUT WITH RSI DIVERGENCE
Market tried to push down the price but failed 3 times, the last push down resulted in a false breakout showing that the bulls dominated the market.
It looks like the market is likely to correct the big bearish move that occured (RSI overbought + divergence). Let's be part of the correction and grab some pips.
My entry is at the 61.8 fib retracement.
For those who like to trade pattern, it appears to be a bullish Head and shoulders completion.
Good trading.
It looks like the market is likely to correct the big bearish move that occured (RSI overbought + divergence). Let's be part of the correction and grab some pips.
My entry is at the 61.8 fib retracement.
For those who like to trade pattern, it appears to be a bullish Head and shoulders completion.
Good trading.
Trade geschlossen: Ziel wurde erreicht
