XAUUSD | 4H TIME FRAME
hey fellas,
after the 4H DT neckline break the market moved upwards for the retracement. Rite now there is a 61% retracement.
At 30 minutes time frame if a candle closes below 1988.91 we can expect the market to fall further till the DT target 1948.64 which is a 1:3.9 risk reward ratio.
If the trade is taken after the range bound breakout downwards, then risk reward ratio is 1:7.4
And there is head & shoulder pattern as well in 4H(drawn in green)
There are multiple confirmation for the bears in the market, so be a BEAR today.
Happy trading :-)
after the 4H DT neckline break the market moved upwards for the retracement. Rite now there is a 61% retracement.
At 30 minutes time frame if a candle closes below 1988.91 we can expect the market to fall further till the DT target 1948.64 which is a 1:3.9 risk reward ratio.
If the trade is taken after the range bound breakout downwards, then risk reward ratio is 1:7.4
And there is head & shoulder pattern as well in 4H(drawn in green)
There are multiple confirmation for the bears in the market, so be a BEAR today.
Happy trading :-)
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.