Breakout Patterns PremiumClosed TradesCommoditiesCommodities PremiumPremiumTalking ChartsTrade SetupsXAUUSD Gold Trade Ideas Premium

XAUUSD Gold: Waiting for the Bearish Continuation Breakout Update: TP1 Reached 800 pips

XAUUSD Gold: Waiting for the Bearish Continuation Breakout

Published:09-14-2018

Pair / Instrument: GOLD

Time Frame: H4

The trend in the Timeframe: BULLISH

The trend in the Daily Chart:  BEARISH

Description: US data will be released today. A better than expected data may trigger the bearish move. We have a contracting triangle pattern on the H4 Chart. Breakout of the triangle may trigger the bearish move.

Trade Based On:Triangle Pattern

Accuracy: %90

Recommended Lot Size:

Trade:SHORT

AREA OF THE ENTRY: Estimated breakout level 1195. / 1196.73 Triangle is broken Sep 21st

STOP LOSS : Above 1213

TARGET 1: 1187.50

TARGET 2: 1.175

TARGET 3: 1.160

Update: 1188 has been reached. We wait for the breakout of 1188 and keep our targets open.800 pips so far.

We have attached to chart to follow the idea: GOLD Breakout 

 

Subscribe to our services free of charge

 SUBSCRIBE FREE

OR

Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

 View the Packages

If you find our content useful, you can donate via PayPal.

 

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Check Also

Close
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker