Gorgeous Bat Pattern on XAUUSD and an upwards triangle on USDJPY
Found this almost perfect bat pattern on gold on what I think should be a down trend, if completed to a lower retracement, it should give us fuel for that pop on USDJPY. My trade is on USDJPY, gold's target would be 1234.20 and USDJPY's target would be 113.473, taking profit a bit before at 113.460.
Notice the strong bias of USDJPY upwards even though Gold has been keeping within a range.
I also think we are setting ourselves up for that fundamental long continuation on USD.
Notice the strong bias of USDJPY upwards even though Gold has been keeping within a range.
I also think we are setting ourselves up for that fundamental long continuation on USD.
Dagangan aktif
So far so good... I still think this is just the beginning of an up trend but I'll be taking some profits soon.
Nota
Nota
so my objective was clearly achieved and surpassed.On the basis of the significant strength of the move up and my fundamental long term fundamental bullish bias, I'm staying put, looking for consolidations and breaks to enter with further long positions.Dagangan aktif
The waiting has definitely paid off. They say patience is key and it couldn't be more at this point. Still waiting for signs of a pull back to take profits. Objective for now 113.885. We'll see how good it holds and make a decision about taking profits.Dagangan ditutup: sasaran tercapai
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Penerbitan berkaitan
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.