XAU/USD - Bullish Cypher & Bearish 5-0
Updated
During last weeks YouTube video I called out my three biggest opportunities to kick start 2017, XAU/USD was on the list and it is carrying huge potential.
Once price completes the bearish 5-0 pattern at the D point around $1248 I'll be selling.
Stop loss: $1281
Take profit: $1121
HUGE opportunity with an amazing risk to reward of 1:4!
Once price completes the bearish 5-0 pattern at the D point around $1248 I'll be selling.
Stop loss: $1281
Take profit: $1121
HUGE opportunity with an amazing risk to reward of 1:4!
Note
Price is closing in on the D point at $1248, I'll be looking to enter once we reach this major level of resistance.Note
Pay close attention for a solid reversal over the next week.We will either see a reversal at $1248 on the major resistance level and D point.
OR
Upon a touch of the weekly trendline at $1270.
Note
First take profit level has now been hit, move your stop loss into profit.Second take profit level is $1180.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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