XAUUSD Possible H&S

17. Sept. 2019

Possible H&S forming on M15.

First TP: 1504

Second TP: 1498

18. Sept. 2019

Anmerkung

Right shoulder looks complete. Highest it reached was 1503. Now we want to short gold.

18. Sept. 2019

Anmerkung

To be safe - wait for the right shoulder to reach neckline. at 1501 and show a downside confirmation before shorting.

18. Sept. 2019

Trade wurde manuell geschlossen

H&S did not follow through with a drop below it’s neckline and bounced off the resistance line. H&S is no longer valid.

Secure profits and close your trades.