XAUUSD SHORT INTRADAY SCALP
After taking a look at the 4h timeframe, it appears that XAUUSD is forming a possible Head and Shoulders pattern. Ill trust this pattern here along with the Daily Stochastic is pointed down, telling me that the Daily Bearish momentum is strong. Lets see if we can test November 20th 5AM low. Ill use Dec 20th 9am high as my SL. Giving a 1.3:1 Risk to Reward.
RISK TO REWARD 1.3:1
ENTRY 1820.87
SL 1854.05
TP 1778.69
RISK TO REWARD 1.3:1
ENTRY 1820.87
SL 1854.05
TP 1778.69
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.