XAUUSD Short setup

6 thg 12, 2016

• Price has been respecting descending trend line and has struggled to break to the upside
  
• Waited for the short term correction upward trend line to be broken and price to come back for a retest; which it did
  
• ABCD confluence as well, have 2 TP's in mind as I foresee price moving downwards for it's last stretch to potentially retest the weekly trend line before making new highs.
  

XAUUSD