XAUUSD
Been watching Gold all week
Looks like Classic Wycoff pattern
Pin Bar to take out stops
Bullish engulfing but did get major rejection but still counts i say.
Pin Bars are the big easy sign I find time and time again after a big pin bar and a bit of upy downy price action they do play out and then ya think "I Knew it"
USD looks like it is going to do a similar thing Pin Bar above and Return to Previous Level Pattern in play.
When USD goes down Gold goes Up pretty much.
Risk is always having Stops to Close should be below Pin Bar plus 15 pips to help make sure but even that is no guarantee, Forex is a Risky game so I'll put it here and see.
Lets See
Have a nice day
Looks like Classic Wycoff pattern
Pin Bar to take out stops
Bullish engulfing but did get major rejection but still counts i say.
Pin Bars are the big easy sign I find time and time again after a big pin bar and a bit of upy downy price action they do play out and then ya think "I Knew it"
USD looks like it is going to do a similar thing Pin Bar above and Return to Previous Level Pattern in play.
When USD goes down Gold goes Up pretty much.
Risk is always having Stops to Close should be below Pin Bar plus 15 pips to help make sure but even that is no guarantee, Forex is a Risky game so I'll put it here and see.
Lets See
Have a nice day
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