VasilyTrader

buy the retest of neckline

Long
FX:XAUUSD   Or / Dollar Américain

hey traders,

on gold we see clear bullish violation of a neckline,
now, as the market approached the structure high 1240, we see a steady pullback.
Looking left we see multiple entry levels for long:
1234,
1228,
1215.

though the market has not violated yet the previous structure high 1240,
the violation of neckline is a very strong signal to understand the market sentiment.

I will be looking for confirmation inside the zone.

trading this head and shoulders my stop will be just below the right shoulder,
the initial target is based on structure.

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