GOLD Head & Shoulders Pattern Done ,Can We Sell & Get 500 Pips ?
Here is my 15 Mins Chart On GOLD Again The price Created a very clear reversal pattern ( Head & Shoulders ) and the price made a very good bearish price action now but the price still not confirmed the pattern by closing below the neckline. so we can enter a sell trade when the price close below it and go back to retest the broken neckline to can use a small stop loss , when we have a retest for the broken neckline give us more confirmation to be sure it`s a real breakout so we can use a decent stop loss , and we can targeting from 200 to 300 Pips with a decent stop loss . if we Still above the neckline then we can`t enter a sell trade and the price might go up again .
Reasons To Enter :
1- Clear Reversal Pattern
2- Clear Bearish Price Action .
3- Bigger T.F Giving Good Bearish P.A .
Reasons To Enter :
1- Clear Reversal Pattern
2- Clear Bearish Price Action .
3- Bigger T.F Giving Good Bearish P.A .
Note
The Price Closed Below Neckline And Confirmed The Pattern , We Can Enter A Sell Trade Trade active
The price closed below neckline and then gave us +200 Pips Trade closed: target reached
The price touched our selling area and reached the max target + 300 Pips Note
The Price Continued To Downside From Our Selling Area +1000 Pips 
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Join FX Elite Club :
Forex Telegram Channel : t.me/Fx_elite_club
Gold Free Telegram : t.me/FXEliteClubGOLD
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Join Our Vip Channel Trades Per Day Risk Reward 1:5 At Least
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.