XAU/USD - Bullish Cypher
We're looking at another cypher pattern but this time on the 4h chart with XAU/USD, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one!
The D point forms at a major level of support, I'm expecting price to stall out on this level... This could be a pullback before continuing the bigger picture.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'd like to thank tradingview.com/u/P.Hayden/ for spotting this pattern and giving me the heads up!
The D point forms at a major level of support, I'm expecting price to stall out on this level... This could be a pullback before continuing the bigger picture.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'd like to thank tradingview.com/u/P.Hayden/ for spotting this pattern and giving me the heads up!
Not
Price has now reached the PRZ, I'm holding off on a long position until I see solid confirmation.At the moment I am still short from around $1248 (chart shown below), the cypher pattern could be a pullback before continuing the bigger picture.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
📈 Master the Art and Science of Trading: sixfigurecapital.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.