Double bottom on gold
The price is creating double bottom pattern. We can see the confirmation from the candlestick pattern. The candlestick created the inside bar, then it created the bullish engulfing. We can take partial profit from fib 1.272 and the last target price will be on fib 1.618. We can put the stop loss below the swing low.
Trade active
We entry the trade right after the bullish engulfing created.Trade closed: stop reached
Mistakes : SL is too small
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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.