Gold is clearly forming a bear flag pattern.
Hence looking for a sell entry ones the setup is ready.
Please note
Just knowing the next expected move is not enough to be profitable in the long term.
You need to know when to add more multiple calculated positions and also effectively manage the trade.
Remember my minimum risk:reward must be 1:3 or higher.
So you cannot cut the winning trade too early and you cannot turn a winning trade to a breakeven/loosing trade.
Thanks to all those who have followed me and liked my post.
Hence looking for a sell entry ones the setup is ready.
Please note
Just knowing the next expected move is not enough to be profitable in the long term.
You need to know when to add more multiple calculated positions and also effectively manage the trade.
Remember my minimum risk:reward must be 1:3 or higher.
So you cannot cut the winning trade too early and you cannot turn a winning trade to a breakeven/loosing trade.
Thanks to all those who have followed me and liked my post.