Gold Has Completed AB=CD Pattern (w/ Warning Signs!)
There appeared to be a great rejection of this level on the 1H chart but the next hour it was bought back up which I am viewing as a warning sign there might be some more upside. I am personally going to let price action confirm a rejection of this level again before entering but this appears to be a valid AB=CD set-up and even has RSI near overbought as an additional confluence.
The risk:reward is great though -- the target in the chart would be a rough short term target with bigger downside targets once the ascending channel is broken.
This is not meant to be a trading signal so please do not use it as one -- I still have very much to learn as a trader and none of my ideas are trading advice. That said I always appreciate any comments and feedback on my charts and ideas!
The risk:reward is great though -- the target in the chart would be a rough short term target with bigger downside targets once the ascending channel is broken.
This is not meant to be a trading signal so please do not use it as one -- I still have very much to learn as a trader and none of my ideas are trading advice. That said I always appreciate any comments and feedback on my charts and ideas!
Nota
Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.