XAUUSD H4 Harmonic Overview and Short Opportunity
Two short trade setups based on harmonic patterns:
Bearish Nen Star: Short Entry 1305-1308 / Executed
Bearish A Crab: Short Entry: 1308 – 1310 / Executed
Stop: Above 1313
Target 1: 1304.69 / Reached
Target 2: 1.302.73 / Reached
Target 2: 1296.98 / Reached
Target 3: 1285.65
Update: TP1 Reached. We took partial profit here.
As seen on the H1 chart, XAUUSD must break the wedge at 1304 in order to continue its bearish move.
Update: Price reached $ 1296
Update: 1290 reached
DON’T MISS OUT!! LIMITED TIME OFFER
BASIC PACKAGE MEMBERSHIP 6 MONTHS for $ 219
VERIFIED ACCOUNT AND SETUP RESULTS
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.
You can contact us via Skype User Name: Chartreaderpro
DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
XAUUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility