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pixi
Aug 26, 2016 5:02 AM

Likely patterns inside triangle Long

Gold/U.S. DollarFXCM

Description

Hi,
Gold has completed a gartley bullish pattern on 1318$. Expecting some price action on the upside.




First Target 1346 / 1348$ to complete a 121 bearish pattern with 0.618 retracement confluence.
Retracement to 1334/31 area, then last leg up to complete a likely gartley bearish pattern, confluence with the upper boundary of the triangle at 1355 / 1357$

Need much confirmation here, and the first one is a success of the gartley bullish with a close above 1330 in the next few hours.

Order cancelled

Gartley has reacted well with a spike to 1345 but no continuation.
Idea out.
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