01/10/2024 - XAUUSD - Bullish Bat Pattern
As of October 1st, 2024, XAU/USD (Gold) has formed a bullish bat pattern, indicating potential upward movement. Here’s the trade plan:
Trade Details:
Entry: Based on the bullish bat pattern and divergence in the Potential Reversal Zone (PRZ)
Stop Loss: Below support level
Take Profit Target: 1:1 ratio
Target Price: 2650
Reason for Trade:
The bullish bat pattern, combined with divergence in the PRZ, suggests a strong potential for an upward move. The target is set at a 1:1 ratio with stop loss placed below the support level for effective risk management.
Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Trade Details:
Entry: Based on the bullish bat pattern and divergence in the Potential Reversal Zone (PRZ)
Stop Loss: Below support level
Take Profit Target: 1:1 ratio
Target Price: 2650
Reason for Trade:
The bullish bat pattern, combined with divergence in the PRZ, suggests a strong potential for an upward move. The target is set at a 1:1 ratio with stop loss placed below the support level for effective risk management.
Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Trade closed: target reached
done
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.