Consolidation out of curiosity
Assalamualaikum guys, hope you guys doing well !
Based on h4 chart, I strongly believe this precious metal is undergoing consolidation. My view is bullish based on counting A-B-C-D-E flag pattern.
What is our strategy ?
We buy with risk until lower 1385.743 and reward target at 1441.00. I assume market could break the flag pattern trendline. If it doing so, we will count the fifth wave.
Good luck !
Based on h4 chart, I strongly believe this precious metal is undergoing consolidation. My view is bullish based on counting A-B-C-D-E flag pattern.
What is our strategy ?
We buy with risk until lower 1385.743 and reward target at 1441.00. I assume market could break the flag pattern trendline. If it doing so, we will count the fifth wave.
Good luck !
Note
Broke our flag trendline. Happy pipping !Trade closed: target reached
Happy weekend !
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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.