TheForexSamurai

Pattern Based Trade Setup

TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi guys, we have a long/buy opportunity waiting right here. Could go enter with an aggressive buy order (pending limit) or wait for a confirmation once price reach our Bull Cypher PRZ Setup (conservative approach). Targets on the pattern's TP 1 and 2, 38.20% and 61.80% CD leg. Stops could be a good 1:1 RR or just below the Pattern's X point price.

We could also look for a short/sell setup once price reach our SELL PRZ around 61.80 - 78.60 fibo retracement of the current impulsive leg down. Trade with care.

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