Xauusd:
The price of the Xuausd has formed a butterfly pattern.
Possible corrective movement before seeing new bearish impulses, based on the analysis in higher timeframes that I will leave here below.
Possible target: 1855
The price of the Xuausd has formed a butterfly pattern.
Possible corrective movement before seeing new bearish impulses, based on the analysis in higher timeframes that I will leave here below.
Possible target: 1855
Note
We are still waiting for confirmation and for the pattern to be completed
Note
Analysis invalidated, the price has not confirmed.Note
The analysis has been invalidated for the following reasons:The butterfly pattern was not confirmed, as what to expect is a candlestick pattern that confirms a change in trend.
It is very important to wait for that candle pattern, since in my case I was trying to trade a correction of a downtrend.
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Related publications
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.