Makeyourmoneywork4U Trade Idea
Pair: XAUUSD
Timeframe: D/ 4HR
Trade: Sell
Take profit: 1800
Stop Loss: 1990
Reason For The Trade:
On the daily timeframe price came down from 2070 to 1900 then retraced to about 2014, then made a retest (lower high) about 1990 and has been consolidating since, Now price has come back up to strong resistance in 1960 and this move is a false move to take out all the sellers by hitting the stop losses. Now they are out of the market I expect a big move down to 1800
Pair: XAUUSD
Timeframe: D/ 4HR
Trade: Sell
Take profit: 1800
Stop Loss: 1990
Reason For The Trade:
On the daily timeframe price came down from 2070 to 1900 then retraced to about 2014, then made a retest (lower high) about 1990 and has been consolidating since, Now price has come back up to strong resistance in 1960 and this move is a false move to take out all the sellers by hitting the stop losses. Now they are out of the market I expect a big move down to 1800