There are some amazing setups forming on the charts, here we have XAU/USD on the 4h chart with a bearish gartley.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
This is a potential outcome for this pair, I would analyse the higher timeframes for direction before entering the move.
If you want more trading inspiration be sure to connect with me on social media :)
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
This is a potential outcome for this pair, I would analyse the higher timeframes for direction before entering the move.
If you want more trading inspiration be sure to connect with me on social media :)
Note
To all those still holding XAU/USD I would close your position in profit before NFP.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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
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.