GOLD Short Trade - *CONSOLIDATION & WEDGE PATTERN*
Gold has been consolidating in a multitude of wedge patterns on the 1hr/4hr timeframes after the big drop in early march.
This is a bearish continuation set up for me as price is using before it will continue downward. This is a risky entry at the top of the 1hr wedge with a nice wick rejection candle.
Stop loss is places above previous 1hr highs.
Targeting the bottom of the wedge for profit taking.
This is a bearish continuation set up for me as price is using before it will continue downward. This is a risky entry at the top of the 1hr wedge with a nice wick rejection candle.
Stop loss is places above previous 1hr highs.
Targeting the bottom of the wedge for profit taking.
Trade ist aktiv
Kommentar:
Bearish momentum now in play... Daily timeframe also looking good
Trade wurde manuell geschlossen:
Stopped at breakeven.
