looks like good sniper entry for shorting on gbpusd h4 with tp 28500
shorting gbpusd with confirmed doji h4 and head n shoulder patter
reversal pattern head and shoulder on gbpusd h1
price probably take retest first before going down again
last week i post reversal pattern (ABCD) to sell this gold. But the price didnt move as expected pattern and go down with double top pattern. what we can see now is we already at wave 3 with fibonacci retracement. To sell this gold we wait corrective (wave 4) then go for sell setup again. Note: we see long leged doji (Daily chart) and inverted hammer (weekly...
We can trade usdzar when market is open next week. why? first : good redward and risk ratio two : we can see gravestone doji (4hour) that means reversal signal three: with using fibonacci retracement, we can see wave 3 is coming right now
If price follow this pattern, we can sell this gold
we can sell gold when price trying touch the resistence trendline (1762-1772). why ? because first : rising wedge pattern (reversal sign) two: ofc there was strong resistence trend line three: overbought from rsi indicator
with symetric triangle method we can use buy stop or sell stop to open position
gold will take retracement up and then going down again
with fibonaci retracement indicator, gold is ready to reversal to uptrend
with fibonaci retracement indicator, gold is ready to reversal to uptrend