Hi traders,
On the XAUUSD we can see that price has reached the trendline. So far we can see a nice wick forming. If we get a close below the trendline, wait for the a retracement and enter from there.
Cheers
On the XAUUSD we can see that price has reached the trendline. So far we can see a nice wick forming. If we get a close below the trendline, wait for the a retracement and enter from there.
Cheers
Comment:
We have a breakout, now waiting for the retracement to the broken trendline.
Comment:
A was hit. Now let's see if we can enter at B.
Comment:
Perfect retracement towards the trendline at B. Getting close to C now.
Comment:
The 100% AB=CD pattern will complete at 1213.77, which could be the updated C.
Trade closed: target reached:
Perfect. All 3 points as expected.
