Hi guys, short opportunity and a long opportunity on the future depending on future price/market action.
Short on a Pattern completion which is bear bat pattern confluence of 141.40% that could be potential level of C point of a potential bullish Cypher pattern in the future.
Bear Bat with a good 1:2 RR on the TP 1 prior to its stop lose just above the pattern's X point. TP 2 on the 61.80% to extended Cypher on the future to bed decided still As we dont still have a valid C point of it.
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Stops just above the X point. Target 1: 1258.64 Target 2: 1241.64
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TP 1 was hit. We got a high impact news later that could give a movement here on the Gold market.
Updated as we have a pattern completion at the 88.60% around the 1223 price handle.
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交易結束：目標達成
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TP 2 is hit as well waiting for the bullish 88.60% pattern for another long/buy opportunity.
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All shorts taken on the 1223.50. Now looking for a LONG/BUY setup.
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RyuUy
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What was your SL here? arbitrary point above X or ATR multiplied by 2?
RyuUy
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This was an awesome call dude. The stop you put was ALMOST HIT but it didn't and then it reversed to hit TP1 and TP2. Great call.
abbas
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it will move down to 88.6% at 1222------nice research thanks