Do you dare to trade this pair?
If it kills, it does so lethally. If not you are greatly rewarded with this pair going in your direction.
Bearish ABCD spotted in this daily chart. Gold is rallying strong in its bullish trend, hence this is a wait to do a counter-trend trade. Not for the faint-hearted.
TP1: 1559.72 (16610pips)
TP2: 1452.97 (27285pips)
SL: 1806.97 (-8115pips)
Expected open trade at: 1725.82 (to trigger only when it retraces back down to the bearish route).
If it kills, it does so lethally. If not you are greatly rewarded with this pair going in your direction.
Bearish ABCD spotted in this daily chart. Gold is rallying strong in its bullish trend, hence this is a wait to do a counter-trend trade. Not for the faint-hearted.
TP1: 1559.72 (16610pips)
TP2: 1452.97 (27285pips)
SL: 1806.97 (-8115pips)
Expected open trade at: 1725.82 (to trigger only when it retraces back down to the bearish route).