XAUUSD bullish shark pattern approved by RSI
Updated
Hi everyone, I'm happy to present you my first idea posted on this platform. It consist in a buy setup on gold based purely on advanced technical analysis
Considering the fact that this bullish harmonic(shark) was formed within the bullish trend: it is highly probable that price will form an other leg up straight away to ,at least, 1814 lvl which is 618 fibonacci.
Moreover after noticing that RSI confirm this pattern and looking at the bullish candlestick pattern (pinbar)
I guess second entry(when moving average cross bullish) is safer but the first entry can give a higher Risk:Reward ratio
It is wise to choose one of these opportunity, or even taking both after keeping in minds the elements enonced above
Considering the fact that this bullish harmonic(shark) was formed within the bullish trend: it is highly probable that price will form an other leg up straight away to ,at least, 1814 lvl which is 618 fibonacci.
Moreover after noticing that RSI confirm this pattern and looking at the bullish candlestick pattern (pinbar)
I guess second entry(when moving average cross bullish) is safer but the first entry can give a higher Risk:Reward ratio
It is wise to choose one of these opportunity, or even taking both after keeping in minds the elements enonced above
Trade active
Trade closed: stop reached
Like a great man said once : We lost the battle but we did'nt lost the war.Trade closed: target reached
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