XAUUSD, 4hr tf, potential HnS pattern

9 feb 2022

Looks like price retesting broken ascending trend line. This is also where 61.8 fibonacci located for the recent drop of XAUUSD.

We might see price continue going down to retest 1755 area again.

There is also a possibility price making right shoulder of a HnS pattern.

Sell XAUUSD 1827
Stop loss 1855
Take profit 1755 (2.5R)

Use only 1-2% risk
Good luck
Disclaimer on