We saw a large selllof from gold last week which was in line with our analysis. Last week i had a kind of expanding channel which i was for a gold sell on third touch which we got and now we inside another expanding structure for a continuation sell after our impulsive move to the downside.
Entry1: How am going to enter this trade is to take a risk entry on the third touch of the expanding structure to the previous low Entry2 :wait for a third touch and then an impulsive move to the downside and then when we get a small flag on the 15 minutes chart ,put a sell order on the break of correction which we categorise as a reduced risk entry.
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