tntsunrise

Gold Approach 0.382 and important Resistance

Short
tntsunrise Aggiornato   
FX:XAUUSD   Oro / Dollaro
Gold Approach 0.382 and important Resistance
AB=CD complete at 1235
0.382 retracement at 1238.41
Previous Structure aslo at same level.
Therefore we can short gold at this level
If price action is bearish.
Look for Pin bar , inside bar break down and Engulfing
Candles
TP1: 1208
TP2: 1195
Commento:
Price is coming to our zone
wait for price action first.
Commento:
Repeat: Don't enter any short now. Just Observe First.
Commento:
Wait for this 4h candle close to confirm a bearish engulfing
Commento:
If this candle can't break new high, we can go short
Commento:
Nice!
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Now is 1214, nice 200 pips profit!
Commento:
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Now we can short Gold one more time based on this Inside Bar
Commento:
Gold Failed to break 0.618
Commento:
Our short from 1328 made money again
Commento:
The Inside Bar has reached 1:1 RR ratio, we can close half profit of this position
Commento:
Nice Fall! Now is 1212!
Commento:
1207, +300 pips
Commento:
This is a very good example of structure + AB=CD + Fib
We don't need to guess the market, but we simpley trade them!
Big win or small loss comes as the result
Commento:
1203 nice fall
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Commento:
Get ready to sell the 0.618 pull back again
Ordine annullato:
GOOD NEWS, its' getting the 0.618 level
Commento:
OK, 0.618 touched.
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BRAVO! Nice fall from 1227.97
Commento:
Daily Inside Bar break down and potential AB=CD
Commento:
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Commento:
Commento:
WOW! Nice profit again:

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