XAU/USD: Potential Bullish Gartley at Previous Structure Support
Looking at a very deep potential bullish Gartley here on XAUUSD that if completed would come right into previous structure support. The wicks created in that previous support zone made this an opportunity that I like regardless and having an advanced pattern complete at the same level just put icing on the cake. Very low risk opportunity compared to the potential reward as this chart has started to show us some consolidation.
Bigger picture, there are a few more setups on the horizon including the potential bearish Bat shown here in orange, but that should matter at this point unless you are a trader that uses such things as a way to shoot for extended targets.
We've got a brand new website over at tradeempowered.com so make sure you check it out, including an a blog post that I wrote today titled "Trading From A to Z" let me know what you think!
Until next time, plan your trad and trade your plan
Akil Stokes
Chief Currency Analyst
Trade Empowered: Live Your Passion
TradeEmpowered.com
Bigger picture, there are a few more setups on the horizon including the potential bearish Bat shown here in orange, but that should matter at this point unless you are a trader that uses such things as a way to shoot for extended targets.
We've got a brand new website over at tradeempowered.com so make sure you check it out, including an a blog post that I wrote today titled "Trading From A to Z" let me know what you think!
Until next time, plan your trad and trade your plan
Akil Stokes
Chief Currency Analyst
Trade Empowered: Live Your Passion
TradeEmpowered.com
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