Do you dare to trade this pair?
If it kills, it does so lethally. If not you are greatly rewarded with this pair going in your direction.
Bearish ABCD spotted in this daily chart. Gold is rallying strong in its bullish trend, hence this is a wait to do a counter-trend trade. Not for the faint-hearted.
TP1: 1559.72 (16610pips)
TP2: 1452.97 (27285pips)
SL: 1806.97 (-8115pips)
Expected open trade at: 1725.82 (to trigger only when it retraces back down to the bearish route).
If it kills, it does so lethally. If not you are greatly rewarded with this pair going in your direction.
Bearish ABCD spotted in this daily chart. Gold is rallying strong in its bullish trend, hence this is a wait to do a counter-trend trade. Not for the faint-hearted.
TP1: 1559.72 (16610pips)
TP2: 1452.97 (27285pips)
SL: 1806.97 (-8115pips)
Expected open trade at: 1725.82 (to trigger only when it retraces back down to the bearish route).
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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.