Hi, Gold completed a daily/weekly bullish gartley. I'm targeting a bearish shark around $1347/1350.
I took long at 0.786 retracement of the gartley at $1237
交易進行
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Took some profit on 67. Shorted the Daily kijun, expecting a retracement to 1248/49.
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Bearish 5_0 in H4 TF - TP1 1248.5
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Took some profits on first TP of the Gartley (0.382 of 1D) at $1282. Out from previous short, re-took some short (avg $1280), expecting retracement (1249/50)
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Hi, All shorts (avg $1292) closed in losses at $1296. I took some profit at $1311 and finally close my long at $1321 and short triggered (SL 1325). This idea is still in play, but this rise has no volume and i don't like it. Gold hitted the 0.707 retracement and, in general, is a good point for reversal.
eg. trump's election
And now.
Moreover $1321 is aligned with $1180 and $1047 in the Gann's square of 9. So, i'm not too greedy, this long at $1237 gave me some good pips. But, retracement is maybe on the table.
First TP at 1295/1300
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Short strategy for short-term retracement has failed. SL short hitted at 28.5 / Long 28.5 - Waiting completion of initial idea.
If gold hits the PRZ (1347/1350), i'm expecting a retracement to $1292 at least (5-0 bullish pattern) / or better, $1249 to complete a Bullish Bat. In both cases, Gold is on bullish mode in this early days of 2018. In Mid-term, we could see $1430 and $1530. Time will tell.
Long-term view Bearish Butterfly at $1530 -> Return to normal ? / Big Short ?
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Near PRZ at $1247. Long closed at $1242 / Starting to short SL above $1250
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Pattern completed. Add short $1247. All SL above $1250.
Expecting a 50% retracement to complete a likely bullish 5-0.
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Extended Shark still active. Target bullish 5-0 + Weekly kijun around $1300
you can find small beaerish butterfly point XA projection at 1349, the range still valid. it contain 1.618AB=CD which point at 1350.70. Lets gooooooo by first tp is 1313.13 :) Wish you all luck
AgentHK
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@Husain_Khalaf, its not perfect tho :)
AgentHK
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@Husain_Khalaf, the pattern will take longer to turn around as the Dollar index still show weakness :) patience
VRShaiju
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We are there..! I grabbed this swing from 1234..! TP 1346. A few $ away from the TP however booked 100$ move profit