XAUUSD, 30min, potential Bat pattern
We see a retracement up on Gold (XAUUSD) and the B point of the potential Bat pattern is passed - which makes the pattern "live".
If we look at, for example, a Daily timeframe (which may be too high timeframe to coincide with a trade on the 30min timeframe, but ...) it is in a down movement right now where the price just closed below a triangle preceded by a downtrend.
We are early in the C-D movement even though BAMM can already be noted - so for those who have it in their plan and want to take a aggressive BAMM trade, the time is now.
Otherwise, we await test of PRZ and confirmation of price going down again.
If we look at, for example, a Daily timeframe (which may be too high timeframe to coincide with a trade on the 30min timeframe, but ...) it is in a down movement right now where the price just closed below a triangle preceded by a downtrend.
We are early in the C-D movement even though BAMM can already be noted - so for those who have it in their plan and want to take a aggressive BAMM trade, the time is now.
Otherwise, we await test of PRZ and confirmation of price going down again.
Henrik Siverhall
SMC Trading
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SMC Trading
Är du intresserad av vårt mentorskap - "Basic" och "Avancerad" mentoring.
smctrading.se
Sveriges största FB grupp för nybörjare
bit.ly/ptse-fb-basic
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