A Head and Shoulders pattern appeared in both EUR / USD and gold.
EUR / USD:
GOLD:
Taking this into account, it would be best to avoid entering a long position, as doing so will trap you in the market and force you to place your stop orders where most traders have put them earlier.
Instead, open a short position in either assets, or at least wait for a false breakout in the market.
In addition, do not trade EUR/USD and gold at the same time. Choose only one, or distribute the working volume between them.
This trading idea follows the price action and stop hunting strategies.
Best of luck!
