26/10/2024 - XAUUSD - Bearish Gartley Pattern
Updated
As of October 26th, 2024, XAU/USD (Gold) has formed a bearish Gartley pattern, suggesting potential downward movement. Here’s the trade plan:
Trade Details:
Option 1:
Entry: Sell in the Potential Reversal Zone (PRZ)
Stop Loss: 2759.50
Option 2:
Entry: Sell Stop at 2740
Stop Loss: Above the defined last high (LH)
Reason for Trade:
The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation.
Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Trade Details:
Option 1:
Entry: Sell in the Potential Reversal Zone (PRZ)
Stop Loss: 2759.50
Option 2:
Entry: Sell Stop at 2740
Stop Loss: Above the defined last high (LH)
Reason for Trade:
The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation.
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
to hit for both cases
Disclaimer
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