TRADE OF THE WEEK | Classic Price Action Trade
Great shorting opportunity was spotted on Gold last week:
We spotted a wide reversal zone and were patiently waiting for its test.
Approaching a major daily supply cluster the price formed a head and shoulders pattern.
After the breakout of its neckline, we saw the retest.
The price dropped nicely afterwards producing 2.5 risk to reward with your safest stop lying above the right shoulder.
Great trading opportunity & perfect rule-based trade.
Did you catch a short rally on Gold?