Countertrend trade on the XAU/USD forex pair

Going counter to the prevailing trend can be very profitable if you know what to look for. This XAU/USD trade pattern occurred right at the high ($1219.69) from March 26th, divergence with a bearish engulfing candle pattern. I decided to take profit at the double highs from the 1st and 2nd of April.

You can see this trade recorded on my 1hr Trading Experiment Signals Page:

https://www.mql5.com/en/signals/96106

http://www.myfxbook.com/members/RazorTrading/razors-1hr-signal/1204367

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