XAUUSD Double Top Pullback April 3-7 Trading Plan
XAUUSD
looks like it got rejected once again by the Wall of Trump resistance and needs one more pullback in my opinion 4H Timeframe View:
It broke below the 20MA/50MA and looks like a hammer was formed which indicates a possible top formation
Short: 1249.240
Stop: 1254
Target 1: 1234
The 200MA at the 4H Timeframe might provide decent support so I might take partial profits on this location
Target 2: 1229
20DMA/50DMA are converging on this area so it might provide stronger support compared to the first target
Target 3: 1225
The daily support trendline should be here so it needs to consolidate/bounce on this area if
XAUUSD
is winding for a strong bull move Any feedbacks are appreciated!
Transakcja zakończona: osiągnięto poziom stop:
Lets see if i shorted too early or just plain wrong
