- Massive red daily candle rejecting trendline resistance. - Signs of potential continuation to the downside (flag) - RSI and Stoch RSI support broken - 4 confluent resistance factors make bearish continuation most likely outcome.
Target: a retest of weekly 200 MA (gold)
SL: 3800 - Allow a wide SL due to potential volatility, especially with the potential for weekend manipulation.
4 Hr Chart
Weekly Chart
Trade stängt manuellt
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22/01/2019 21:11 - Closed manually at 3556.5, after what looked like some bullish price action.