XAU/USD - Bullish Cypher & Bearish 5-0
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
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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.