Dear Price Action Gold Traders

I have just found this pattern on the Gold market. Have a look- it looks like an ideal pin bar. There is a pin bar on the 4 hour chart and the daily chart, as well… A possible short entry is staying just at current levels at 1186 with a stop just above the nearest swing high or the wick of the pin bar at 1205. If you are already in the EUR/CAD trade, you might want to manage your risks accordingly and decide whether entering in two big trades at the same time is a good idea. But anyways, the signal is there for the ones of you that trade gold.

Colibri Trader