The_Greek_Trader

POTENTIAL BULLISH CYPHER PATTERN ON GOLD'S 1H TIMEFRAME!

The_Greek_Trader Обновлено   
TVC:GOLD   CFD на золото (US$ / OZ)
Hello traders, i hope you had a nice trading week.
We have a potential bullish Cypher pattern on 1h timeframe.

TECHNICAL OBSERVATIONS
1.We have stochastics at overbought area.
2.Currently price action seems weak.
3.Fibonacci retracements coincide with price structure.
4.Pattern completion at 1.250-1.247$/Ounce area.

POSSIBLE LONG TRADE
STOP LOSS AT 1.243$/OUNCE
ENTRY PRICE WITH PENDING ORDER AT 1.248,50$/OUNCE
FIRST TARGET T1 AT 1.258,60$/OUNCE
SECOND TARGET T2 AT 1.264,70$/OUNCE
THANKS FOR SUPPORT!
HAPPY TRADING!
Комментарий:
By the way being on the bearish side we can look for shorting reasons at those level with buy stop above 1,276$/ounce area..
Комментарий:
I hope some of you listen for this short trade now soon we will have cypher completion let's see if price action will validate this bullish pattern..
Сделка закрыта: достигнута тейк-профит цена:
We can see after the lows of 1,251.40 we had the pattern comletion gold reached our first target..
Комментарий:
Second target reached..
Keep following for more profits...

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