Gold in short-term downtrend, looking to short on breakout of current correction...
Ideal short entry at first resistance or any of the common retracement levels, possible short zone depicted on chart, SL above 0.618 retracement..., target completion of Gartley and/or AB=CD pattern. If I don't get the ideal entry, the regular breakout trade will still be there...
Afterwards long from Gartley / AB=CD completion and/or trendline bounce... (we'll have to see what has highest probability when we get closer...).
Ideal short entry at first resistance or any of the common retracement levels, possible short zone depicted on chart, SL above 0.618 retracement..., target completion of Gartley and/or AB=CD pattern. If I don't get the ideal entry, the regular breakout trade will still be there...
Afterwards long from Gartley / AB=CD completion and/or trendline bounce... (we'll have to see what has highest probability when we get closer...).
Yorum:
No short entry, long from 1245
Yorum:
TP1 getting close..., SL at BE now to continue risk-free!
